PharmAthene (PIP) soars 28% premarket after the Delaware Supreme Court upholds an earlier ruling...

|By:, SA News Editor

PharmAthene (PIP) soars 28% premarket after the Delaware Supreme Court upholds an earlier ruling against SIGA Technologies (SIGA) for breach of contractual obligation. In related news: SIGA jumps 10% premarket on the same court ruling as the company notes the court reversed an "equitable payment stream" decision. SIGA also says it intends to establish in Chancery Court "that PIP's evidence of expectancy damages is too speculative, contingent, and conjectural to permit an award." (previous)