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IMMU > SEC Filings for IMMU > Form 8-K on 1-Apr-2013All Recent SEC Filings

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Form 8-K for IMMUNOMEDICS INC


1-Apr-2013

Other Events, Financial Statements and Exhibits


Item 8.01. Other Events.

On March 27, 2013, Immunomedics, Inc., a Delaware corporation (the "Company"), reached a settlement in its previously disclosed arbitration proceeding before the Financial Industry Regulatory Authority against a broker-dealer relating to the Company's prior investment in certain securities. Pursuant to the settlement, the Company will (i) receive a gross settlement amount of $18,000,000, (ii) dismiss the proceeding with prejudice, and (iii) together with the broker-dealer, release each other from all claims and liabilities arising out of the arbitration. The Company expects the net amount to be approximately $16.7 million after payment of expenses and legal fees.



Item 9.01. Financial Statements and Exhibits.

Exhibits.

Exhibit No. Description
99.1 Press Release of the Company dated April 1, 2013.


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