Ionis and Akcea Settle Breach of Fiduciary Duty Claims

On behalf of Ionis Pharmaceuticals, Inc. and certain directors of Akcea Therapeutics, Inc., Grand Park Law Group secured a favorable settlement of claims for breach of fiduciary duty in connection with Ionis’ acquisition of the remaining minority outstanding shares of Akcea. Grand Park Law Group negotiated a settlement that obtained a full release of claims related to the merger and a derivative litigation that was pending at the time of the merger. On October 12, 2022, Vice Chancellor Lori W. Will approved the settlement.
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