Brief: Orphazyme's Update Regarding Class Action Lawsuit In United States

Strategic Partners A/S

17/04/2023 09:02

April 17 (Reuters) - Orphazyme A/S  ORPHA.CO :
    * CHANGE TO FINANCIAL CALENDAR FOR 2023 AND UPDATE REGARDING
CLASS
ACTION LAWSUIT IN UNITED STATES
    * PARTIES TO PREVIOUSLY COMMUNICATED CLASS ACTION LAWSUIT 
REACHED
AN AGREEMENT IN PRINCIPLE TO SETTLE LAWSUIT IN ITS ENTIRETY
    * PARTIES ARE NOW UNDERTAKING TO PREPARE MUTUALLY AGREEABLE
SETTLEMENT DOCUMENTS
    * COURT HAS STAYED ALL PROCEEDINGS IN LAWSUIT PENDING FILING
OF
PARTIES' SETTLEMENT DOCUMENTS
    * PARTIES CURRENTLY ANTICIPATE THAT A MOTION SEEKING COURT'S
PRELIMINARY APPROVAL OF SETTLEMENT WILL BE FILED IN MAY 2023
    * WILL PROVIDE AN UPDATE WHEN THERE HAS BEEN FINAL COURT
JUDGMENT
WITH RESPECT TO SETTLEMENT

Source text for Eikon:  ID:nGNE6PNc7p 
Further company coverage:  ORPHA.CO 

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