Burg Simpson Eldredge Hersh & Jardine, P.C.
Jury Award to Englewood Company to Total More Than $1 Million for Breach of Fiduciary Duties in Shareholder Class Action Case
Published in Drug Law Weekly, August 5th, 2008
An Arapahoe County District Court jury awarded an Englewood-based public company what will likely amount to more than $1 million in damages in the class action dispute between the minority shareholders of Inverness-based Verex, Inc., a public company, and a Fort Collins-based private company PR Pharmaceuticals, Inc. The jury found that PR Pharmaceuticals and its President, Steven Howe, and CEO, Dr. Patrick Bols, breached their fiduciary duties to Verex, Inc., and its shareholders.
The verdict for the class of minority shareholders is in favor of approximately 1185 shareholders holding 1,195,470 shares. The court has previously indicated that it may value those shares at...
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Source: Drug Law Weekly (2008-08-05)
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