Emergent BioSolutions (EBS) to Settle Securities Class Action Litigation

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Go back to Emergent BioSolutions (EBS) to Settle Securities Class Action Litigation

Emergent BioSolutions Announces Agreement to Settle Securities Class Action Litigation

September 13, 2024 6:45 AM EDT

GAITHERSBURG, Md., Sept. 13, 2024 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) (Emergent or the Company) today announced that it has entered into an agreement to resolve the previously disclosed securities class action litigation pending in the United States District Court for the District of Maryland (In re Emergent BioSolutions Inc. Security Litigation, No. 8:21-cv-00955-DLB). This lawsuit was originally filed in 2021.

Under the terms of the proposed settlement, Emergent will pay $40 million, which will be substantially paid from insurance proceeds, to settle claims brought on behalf of stockholders who purchased Emergents common stock between... More