Examples of Derivative Action in a sentence
If the balance on deposit in the PCA Account is insufficient to pay the Approved Fees in full, then PCA shall continue to remit partial payments to Derivative Action Counsel on a monthly basis as additional funds are accumulated in the PCA Account until such time as the Approved Fees have been paid in full.
PCA agrees to remit payment of the Approved Fees to Derivative Action Counsel within ten (10) days after the Effective Date to the extent of all funds then available in the PCA Account.
The Derivative Action is brought derivatively on behalf of nominal defendant Impinj and alleges that the Individual Defendants breached their fiduciary duties by making and/or causing Impinj to make false and misleading statements of material fact to the investing public regarding demand for its integrated circuit tags, which led to the Company misleadingly reporting sales to make it appear that demand was stronger than it was and by failing to maintain internal controls.
Further, Individual Defendants have denied expressly, and continue to deny, all allegations of wrongdoing, fault, liability, or damage against them arising out of any of the conduct, statements, acts or omissions alleged, or that could have been alleged, in the Derivative Action and deny that they have ever committed or attempted to commit any violations of law, any breach of fiduciary duty owed to Impinj or its stockholders, or any wrongdoing whatsoever.
The Settlement, as documented in the Stipulation, subject to the approval of the Court, is intended by the Parties to fully, finally, and forever compromise, resolve, discharge, and settle the Released Claims and to result in the dismissal of the Derivative Action with prejudice, upon the terms and subject to the conditions set forth in the Stipulation.