Sigma settlement approved

THE Federal Court has today approved the proposed settlement of the long-running class action brought against Sigma Pharmaceuticals (PD 24 Oct), which will see the company make a $57.5 million payout without admission of any liability.

n

The case related to claims that the company did not disclose material information to the stock market when it was raising capital, prior to a shock downgrade in the value of its generics business. Pharmacy Daily – Read More.