Entwistle & Cappucci LLP Files a Securities Class Action Complaint Against Emisphere Technologies, Inc.
Entwistle & Cappucci LLP (“Entwistle & Cappucci”) today announced that its ongoing investigation has led to the filing of a class action complaint against Emisphere Technologies, Inc. (“Emisphere” or the “Company”) and certain of the Company’s officers and directors on behalf of a class (the “Class”) consisting of all persons or entities that sold shares of Emisphere common stock (OTCBB: EMIS) from November 6, 2020 through December 8, 2020, inclusive (the “Class Period”).
- Entwistle & Cappucci LLP (“Entwistle & Cappucci”) today announced that its ongoing investigation has led to the filing of a class action complaint against Emisphere Technologies, Inc. (“Emisphere” or the “Company”) and certain of the Company’s officers and directors on behalf of a class (the “Class”) consisting of all persons or entities that sold shares of Emisphere common stock (OTCBB: EMIS) from November 6, 2020 through December 8, 2020, inclusive (the “Class Period”).
- In return, Novo Nordisk agreed to make both milestone and royalty payments to Emisphere that were tied to Rybelsus’s net sales.
- After ultimately agreeing on terms, Emisphere and Novo Nordisk executed a merger agreement on November 5, 2020 (the “Merger Agreement”).
- The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.