Trustee Must Face Claims In Genaera Class Action: 3rd Circ.

By Jeannie O'Sullivan ( August 25, 2017, 7:59 PM EDT) -- The Third Circuit on Friday partially revived a former Genaera Corporation shareholder's putative class action challenging how company executives handled the firm's dissolution, ruling that it was plausible a trustee shortchanged stockholders by underselling some of the Pennsylvania-based biotechnology firm's assets....

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