SIGA Tech (SIGA) Files Notice of Appeal in Delaware to Overturn PharmAthene Order

June 12, 2012 3:16 PM EDT
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SIGA Technologies, Inc. (Nasdaq: SIGA), has filed a Notice of Appeal seeking to overturn the Delaware Chancery Court's May 31, 2012 final order and judgment in the litigation that PharmAthene, Inc. commenced in December 2006.

Dr. Eric A. Rose, SIGA's Chief Executive Officer, commented, "We look forward to the opportunity to show why the Chancery Court's rulings were made in error."

While SIGA believes its appellate arguments are meritorious, no assurance can be given that the appeal will be successful.

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