|
Quotes & Info
|
| DNDN > SEC Filings for DNDN > Form 8-K on 18-Mar-2013 | All Recent SEC Filings |
18-Mar-2013
Other Events, Financial Statements and Exhibits
On March 18, 2013, Dendreon Corporation (the "Company") announced that it has reached an agreement in principle to settle the securities class action litigation pending against it in the United States District Court for the Western District of Washington (the "District Court"), which will resolve the claims asserted against the Company in the previously disclosed putative securities class action consolidated complaint, In re Dendreon Corporation Class Action Litigation, Master Docket No. C 11-1291 JLR, filed against the Company and three current and former executive officers. The terms agreed upon by the parties contemplate a settlement payment by the Company of $40 million, $38 million which will be funded by the Company's directors' and officers' liability insurers. The terms of the settlement must be formally documented and are subject to approval by the District Court following notice to all class members.
(d) Exhibits
99.1 Dendreon Corporation press release dated March 18, 2013.
|
|