Pre-Merger Deal Prompts Pharma Co. Derivative Suit In Del.

By Jeff Montgomery (April 23, 2024, 4:55 PM EDT) -- An Ayala Pharmaceuticals stockholder has launched a derivative suit against the company's board and controlling investors in Delaware's Court of Chancery, accusing directors of issuing new shares to the controllers at far below market value, timed to take advantage of an asset sale worth up to $85 million....

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