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Chancery Slams 'Squishy' Deal In 'Tagalong' BioMarin Suit

By Leslie A. Pappas ( July 23, 2024, 5:46 PM EDT) -- A visibly irritated Delaware Chancery Court judge on Tuesday rejected a settlement with BioMarin Pharmaceuticals Inc. that would have given shareholder attorneys $1.25 million in exchange for broad releases and "squishy" governance reforms, saying he didn't want to encourage "tagalong litigation" that yielded only "ephemeral" benefits....

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