Case Study

Alex Tse et al. v. Ventana Medical Systems, Inc., et al.

Alex Tse et al. v. Ventana Medical Systems, Inc., et al.

Counsel for the defense retained Cornerstone Research and Professor Michael Gibbons of the Wharton School in this securities fraud lawsuit. Retained by Wilson Sonsini Goodrich & Rosati Counsel for the defense retained Cornerstone Research and Professor Michael Gibbons of the Wharton School in this securities fraud lawsuit. The plaintiffs had invested in BioTek Solutions, which agreed to merge with Ventana Medical Systems. The plaintiffs alleged that Ventana had committed securities fraud by, among other things, failing to disclose information about a compensation package for two Ventana directors that included stock options in the soon-to-be-merged company, and misrepresenting that the conversion price offered to the BioTek investors on convertible notes was fair market value of the soon-t

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