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BRIEF-Navidea Biopharmaceuticals Says Has Been Engaged In Ongoing Litigation With Capital Royalty Partners II L.P.

· 03/17/2021 16:24
BRIEF-Navidea Biopharmaceuticals Says Has Been Engaged In Ongoing Litigation With Capital Royalty Partners II L.P.

- Navidea Biopharmaceuticals Inc NAVB.A:

  • NAVIDEA BIOPHARMACEUTICALS INC - HAS BEEN ENGAGED IN ONGOING LITIGATION WITH CAPITAL ROYALTY PARTNERS II L.P.

  • NAVIDEA BIOPHARMACEUTICALS - LITIGATION RELATED TO CLAIMS CRG LENDERS INDUCED NAVIDEA TO ENTER INTO A SETTLEMENT DEAL AND BREACHED TERMS OF SAME

  • NAVIDEA BIOPHARMACEUTICALS - CLAIMS IN SUIT ARE FOR BREACH OF CONTRACT, CONVERSION AGAINST CRG LENDERS FOR COLLECTION OF MORE THAN $66.0 MILLION

  • NAVIDEA BIOPHARMA - CRG'S DOUBLE RECOVERY, RECOVERY OF MORE THAN $66.0 MILLION ARE DUE TO CRG DRAWING ENTIRE $7.1 MILLION ON CARDINAL HEALTH 414 LETTER OF CREDIT

Source: (https://bit.ly/3tBVzOh)

Further company coverage: NAVB.A


((Reuters.Briefs@thomsonreuters.com;))