Settlement Distribution For Array Shareholders Approved After Fee Challenge Fails

Mealey's (May 12, 2023, 7:35 AM EDT) -- DENVER — A federal magistrate judge in Colorado issued two orders clearing the way for class settlement payments to be made in a case in which shareholders had accused Array Biopharma Inc. and its executives of making false statements about a clinical trial; the orders were filed less than two month after a 10th Circuit U.S. Court of Appeals panel rejected an objector’s challenge of class counsel fees approved as part of the settlement....

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