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Cases & Investigations
Cornerstone Therapeutics Inc. Stockholder Litigation

Overview
Overview Case Updates

Type: Notable Cases

Case Number: 8922

Court: Delaware Chancery Court

Settlement Amount: $17,900,000

Wolf Popper was appointed as a lead counsel to represent the class of Cornerstone Therapeutics Inc. stockholders in a case arising from Cornerstone’s acquisition by its majority shareholder: Chiesi Farmaceutici SpA., which had already owned a 65 percent stake.  In the suit, Cornerstone and individual directors were accused of selling the company at an unfair price in breach of their fiduciary duties.
 

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Related Practice Areas

  1. Corporate Transactional / Derivative Litigation

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