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| GNTA.OB > SEC Filings for GNTA.OB > Form 8-K on 26-Mar-2009 | All Recent SEC Filings |
26-Mar-2009
Other Events
On March 20, 2009, the Superior Court of New Jersey granted the motion of Genta Incorporated (the "Company") to dismiss the class action complaint filed against the Company, the Company's Board of Directors and certain of the Company's executive officers as described below.
In September 2008, several of the Company's stockholders, on behalf of
themselves and all others similarly situated, filed a class action complaint
against the Company, the Company's Board of Directors, and certain of the
Company's executive officers in Superior Court of New Jersey, captioned Collins
v. Warrell, Docket No. L-3046-08. The complaint alleged that in issuing
convertible notes, the Company's Board of Directors and certain officers
breached their fiduciary duties, and the Company aided and abetted the breach of
fiduciary duty. Defendants filed a motion to dismiss on December 29, 2008.
The Company has not yet received a copy of the Order granting the motion to dismiss or the Opinion of the Superior Court of New Jersey.
The Company and the individual defendants were represented by Morgan, Lewis & Bockius LLP.
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