Nymox Pharmaceutical Corporation Sues AscellaHealth For $250 Million
IRVINE, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- This week, Nymox Pharmaceutical Corporation (“Nymox”) (OTC Markets - NYMXF) was forced to file a lawsuit in California Superior Court, Orange County, to protect its shareholders’ interests, as Nymox alleges that a would-be “black knight” competitor resorted to illegal and unlawful corporate espionage because it could not garner the support of enough Nymox shareholders by legitimate means.
- IRVINE, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- This week, Nymox Pharmaceutical Corporation (“Nymox”) (OTC Markets - NYMXF) was forced to file a lawsuit in California Superior Court, Orange County, to protect its shareholders’ interests, as Nymox alleges that a would-be “black knight” competitor resorted to illegal and unlawful corporate espionage because it could not garner the support of enough Nymox shareholders by legitimate means.
- This company is Defendant AscellaHealth, LLC (“Ascella”).
- Unlike even a contentious hostile takeover bid, Ascella engaged in unlawful means in repeated attempts to gain control of Nymox for its own advantage, at what would have been the expense of Nymox’s shareholders.
- The company will be seeking $250 million in compensatory and punitive damages.