Cases & Investigations

Korman v. InKine Pharmaceutrical Co., Inc.

CASE NUMBER: March Term 2004, No. 04341
CASE STATUS: Settled
SETTLEMENT AMOUNT: $9 million
COURT: Pennsylvania Court of Common Pleas, Philadelphia County

Berger Montague brought a state stockholder action on behalf of class members who were denied preemptive rights provided under the articles of incorporation in several securities offerings by InKine. As sole counsel, Berger Montague secured a settlement of $9 million. The settlement provided substantial compensation for the preemptive rights denied to class members.

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