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March 25, 2013
11:48 EDTWCG, ETE, LYG, VECO, PIPHigh option volume stocks: ETE PIP LYG WCG VECO
News For ETE;PIP;LYG;WCG;VECO From The Last 14 Days
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January 20, 2015
07:30 EDTLYGU.K. banks see Bitcoin as threat to sterling, boon to terrorists, Telegraph says
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January 16, 2015
16:14 EDTPIPSIGA Technologies appeals judgment of Delaware Court of Chancery
SIGA Technologies (SIGA) announced that it has filed a notice of appeal from the judgment of the Delaware Court of Chancery awarding PharmAthene (PIP) expectation damages. On January 15, the Court of Chancery entered a judgment awarding PharmAthene a lump sum of $113,116,985 plus prejudgment interest, costs and fees. The total amount of the judgment is $194,649,041.74. William J. Haynes II, SIGA's General Counsel, commented, “We believe the decision to award expectation damages is not supported by law with the amount of the award being completely speculative, conjectural and arbitrary. We are confident in the strength of our grounds for appeal, and will ask the Supreme Court of Delaware to overturn this judgment.” Dr. Eric A. Rose, SIGA’s CEO, also commented, “We remain absolutely committed to performing under SIGA's contract with BARDA, obtaining FDA approval for our smallpox drug, Tecovirimat, and growing our company, and we have ample resources to do so.” While SIGA believes it has strong grounds on which to base its appeal, no assurance can be given that its appeal will be successful.
10:15 EDTETEOptions with decreasing implied volatility: BBY ETE CBST
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10:06 EDTLYGHigh option volume stocks
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09:12 EDTPIPOn The Fly: Pre-market Movers
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06:01 EDTPIPSiga ordered to pay $194M to PharmAthene in smallpox drug case, Bloomberg says
Siga Technologies (SIGA) was ordered to pay more than $194M to PharmAthene (PIP) in a dispute over the medicine that caused Siga to seek bankruptcy protection in 2014, reports Bloomberg. Delaware Chancery court Judge Donald Parsons said Siga executives breached their obligation to negotiate a licensing agreement for the smallpox medicine in good faith. Reference Link
January 15, 2015
18:28 EDTPIPOn The Fly: After Hours Movers
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16:11 EDTPIPPharmAthene says court enters final order in $194.65M SIGA litigation
PharmAthene (PIP) announced that the Delaware Court of Chancery has entered its Final Order and Judgment in the company's litigation against SIGA Technologies (SIGA). The court's judgment against SIGA totaled $194.65M, including $113.12M in lump sum expectation damages for the value of PharmAthene's lost profits for SIGA's smallpox antiviral, Tecovirimat, and $81.53M in pre-judgment interest and attorneys' and expert witness fees. The court's determination, along with the decision itself, will remain subject to appeal by SIGA to the Delaware Supreme Court. Because SIGA has filed for protection under the Federal bankruptcy laws, PharmAthene said it is automatically stayed from taking any enforcement action in the Delaware Court of Chancery. PharmAthene's ability to collect a money judgment from SIGA remains subject to further proceedings in the bankruptcy court, it added.
15:18 EDTETEPioneer pipeline unit draws interest from multiple bidders, Bloomberg says
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06:42 EDTLYGECB most likely will unveil bond buying program, NY Times says
The European Central Bank is "all but certain" to announce at its next meeting that it will buy government bonds, according to The New York Times. But the ECB may announce that it will buy bonds but say that it will only provide details about the program in March, some believe, the newspaper reported. Some economists contend that the initiative could be a case of "too little, too late," The Times added. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
January 14, 2015
06:44 EDTLYGTop court official backs ECB bond buying, NY Times reports
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