electroCore Announces Dismissal of All Litigation Related to Its 2018 Initial Public Offering
Retrieved on:
Wednesday, August 23, 2023
The litigation has concluded without any finding of wrongdoing or liability, nor any payment, by electroCore.
Key Points:
- The litigation has concluded without any finding of wrongdoing or liability, nor any payment, by electroCore.
- Judge Quraishi also found that the plaintiff failed to adequately allege that electroCore intended to mislead or omit information.
- This follows the termination earlier this year of litigation over the IPO and electroCore’s statements initiated in 2019 in the Somerset County, New Jersey Superior Court.
- Thus, the litigation over the initial public offering has been brought to a close with a complete vindication of electroCore, its directors and its management in their handling of the 2018 IPO.