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XBiotech 8201 E Riverside Dr 78744 TX Austin http://www.xbiotech.com/
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XBiotech

XBiotech Announces Dismissal of Class Action Lawsuit in Texas

Federal Court Grants Motion to Dismiss Assertion of Claims under Section 10(b) of the Securities Exchange Act

(PresseBox) (Austin, )
XBiotech Inc. (NASDAQ:XBIT), developer of next-generation True Human(TM) therapeutic antibodies, today announced that the U.S. District Court for the Western District of Texas granted the Company's motion to dismiss in the 2015 securities class action lawsuit brought against the Company and certain of its directors. In a final judgment issued on October 7th, 2016, the Honorable Judge Sam Sparks dismissed the lawsuit with prejudice, meaning the plaintiff is barred from refiling the claim (Case 1:15-CV-1083-SS).

"We are pleased with the expeditious ruling by Judge Sparks in this case," said XBiotech Associate Counsel, Sarah Schick.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.