Innovate Biopharmaceuticals, Inc. (INNT) Social Stream

Featured Post From StockTwits About INNT

$INNT A couple of weeks ago a lawsuit against INNT was reported. Buried in one of the filings yesterday was this: "Previously, we reported a claim filed in the Superior Court of the State of Delaware regarding a former consultant of the Company who was compensated in cash and stock options for his services, demanding damages of up to approximately $3.6 million plus punitive damages in connection with a delay in such consultant’s ability and timing to exercise options and sell shares of our common stock related to past consulting services. On October 15, 2019, the court granted our motion to dismiss and concluded the plaintiff failed to sufficiently assert claims. On May 5, 2020, the Supreme Court of the State of Delaware affirmed the dismissal granted by the Superior Court of the State of Delaware on October 15, 2019 with prejudice. As such, we have concluded this matter is closed." At least we can put that behind us.