Savient Pharmaceuticals (SVNT -33%) says in an SEC filing it's been served with a creditor...

|About: Savient Pharmaceuticals, Inc. (SVNTQ)|By:, SA News Editor

Savient Pharmaceuticals (SVNT -33%) says in an SEC filing it's been served with a creditor derivative action complaint filed by Tang Capital Partners. The complaint alleges, among other things, that the company is insolvent. Savient believes the complaints are without merit, noting however, that it will consider financial transactions that will improve its overall balance sheet.