Omeros Responds to Misleading Announcement by Davis Wright Tremaine Concerning Settlement with Former Chief Financi... ( SEATTLE Nov. 9 2012 /- Omeros Co...)

HOME >> MEDICINE >> TECHNOLOGY

Omeros Responds to Misleading Announcement by Davis Wright Tremaine Concerning Settlement with Former Chief Financial Officer

Date:11/9/2012

SEATTLE, Nov. 9, 2012 /PRNewswire/ -- Omeros Corporation (NASDAQ: OMER) today is addressing misleading statements in a press release issued yesterday by Davis Wright Tremaine, the law firm representing Richard J. Klein, Omeros' former chief financial officer with whom Omeros recently settled a lawsuit regarding his employment with Omeros. Omeros' reasoned decision to enter into the settlement agreement and focus on its business is explained in its Current Report on Form 8-K filed with the Securities and Exchange Commission on November 1, 2012. The settlement involved the release of all parties' claims, including Mr. Klein's claim to all Davis Wright Tremaine fees incurred since 2009. Omeros' insurance carrier has agreed to advance payment of the settlement funds subject to a reservation of rights.

Mr. Klein's employment with Omeros was terminated in January 2009. In September 2009, five days following Omeros' public filing of its intent to market its initial public offering, Thomas A. Lemly, partner at Davis Wright Tremaine, filed Mr. Klein's initial complaint alleging wrongful termination in retaliation for his whistleblow in connection with a grant awarded to Omeros by the National Institutes of Health (NIH).

Omeros flatly denies that its termination of Mr. Klein's employment was retaliatory. Omeros believes that it had well-documented good cause to terminate Mr. Klein, including for his performance, as is detailed at length in the public record of this lawsuit. Further, the evidentiary ruling by U.S. District Judge John C. Coughenour, cited in Davis Wright Tremaine's press release and issued well after the parties had commenced settlement negotiations, was a ruling on the admissibility of circumstantial evidence, which Omeros believed related only to claims that Judge Coughenour had previously dismissed, and not a finding of fact.

SOURCE Omeros Corporation
Copyright©2012 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3
Related medicine technology :

1. Omeros to Present at Deutsche Bank Securities Health Care Conference
2. Omeros Adds Four More Unlocked Orphan GPCRs to its Portfolio
3. Omeros to Present at Jefferies 2012 Global Healthcare Conference
4. Omeros Announces Proposed Public Offering of Common Stock
5. Omeros Prices $30 Million Public Offering of Common Stock
6. Omeros Announces Closing of $34.5 Million Public Offering of Common Stock
7. Omeros Successfully Completes Preclinical Studies of OMS824 for Schizophrenia and Phase 1 Clinical Trial Preparations Underway
8. Omeros Announces Discovery in MASP-2 Program
9. Omeros Corporation Reports Second Quarter 2012 Financial Results
10. Omeros Announces Completion of Enrollment in OMS103HP Phase 3 Clinical Trial
11. Omeros to Present at Two Upcoming Conferences

Post Your Comments:

(Date:6/19/2013)... YORK , June 19, 2013 /PRNewswire-iReach/ -- ... pioneer of modern hair transplant procedures and founder ... was included in the ,Best Doctors, issue of ... (Photo: http://photos.prnewswire.com/prnh/20130619/CG34629 ) ... Best Doctors issue, and his reputation as world-renowned ...

(Date:6/19/2013)... PHILADELPHIA , June 19, 2013 Echo ... company developing its needle-free Symphony ® CGM ... system, today announced the closing of a previously ... its common stock and the full exercise of ... offered at a price to the public of ...

(Date:6/19/2013)... INDIANAPOLIS , June 19, 2013 Eli ... issued an alert about two illegal scams, purportedly using ... Animal Health, that are actively targeting the public through ... and Elanco have no connection to any foreign lottery ... recruiting described by the job-seeking victims of the scam. ...

Breaking Medicine Technology:Dr. Robert Bernstein in NY Magazine's 'Best Doctors' Issue for 14th Consecutive Year 2 Dr. Robert Bernstein in NY Magazine's 'Best Doctors' Issue for 14th Consecutive Year 3 Echo Therapeutics Announces Closing of Public Offering of Common Stock And Full Exercise of Over-Allotment Option by the Underwriter 2 Echo Therapeutics Announces Closing of Public Offering of Common Stock And Full Exercise of Over-Allotment Option by the Underwriter 3 Lilly Issues Alert for Illegal Scams Involving Fraudulent Checks and Online Job Requests 2

[0] Dr. Robert Bernstein in NY Magazine's 'Best Doctors' Issue for 14th Consecutive Year [0] Echo Therapeutics Announces Closing of Public Offering of Common Stock And Full Exercise of Over-Allotment Option by the Underwriter [0] Lilly Issues Alert for Illegal Scams Involving Fraudulent Checks and Online Job Requests

... 16, 2011 A group of 22 bipartisan House Members ... Services (CMS) asking the agency to stop their prepayment ... for Medicare beneficiaries. The lawmakers, who included ... cited potential job losses, restricted access to mobility equipment ...

... N.Y., Dec. 16, 2011 At a morning ceremony ... , along with administrators and faculty members of ... celebrated the re-launch of Einstein,s Gruss Magnetic Resonance ... support, Einstein now houses an advanced magnetic resonance imaging ...

Cached Medicine Technology:Bipartisan Group of 22 House Members ask CMS to Stop Prepayment Review Project that would Jeopardize Care for Medicare Beneficiaries 2 Bipartisan Group of 22 House Members ask CMS to Stop Prepayment Review Project that would Jeopardize Care for Medicare Beneficiaries 3 NYC Council Member James Vacca Helps Brings Advanced MRI Technology to Einstein College of Medicine 2 NYC Council Member James Vacca Helps Brings Advanced MRI Technology to Einstein College of Medicine 3

Bipartisan Group of 22 House Members ask CMS to Stop Prepayment Review Project that would Jeopardize Care for Medicare Beneficiaries NYC Council Member James Vacca Helps Brings Advanced MRI Technology to Einstein College of Medicine

(Date:6/19/2013)... Author Byron Oberst draws on his experiences ... of how the body’s defense mechanisms work in his colorful ... Pirates ” (published by Trafford Publishing). , Ideal for children ... the story of Bobbie, a little boy who wakes up ... takes him to visit Doctor Getwell, who prescribes antibiotics and ...

(Date:6/19/2013)... 2013 Across the globe billions of ... access to the medical advances that benefit developed western ... health care and the necessary aid to help curb ... , Outlook with Ben Kingsley is partnering ... in which these people live and highlight the invaluable ...

(Date:6/19/2013)... Harris Hawaii Realtor Group ... Town Center providing vacation rental management services, as well ... a licensed Hawaii Realtor since 1986, formed the Harris ... broker. , Harris Hawaii offers luxury vacation rentals ... offers spectacular scenery, pristine beaches, world class golf, and ...

(Date:6/19/2013)... NY (PRWEB) June 19, 2013 ... Awards program is this Friday, June 21 at ... campaigns, ongoing programs and innovative people who’ve raised ... more information, visit http://www.minonline.com/ima . , Any ... individual magazine title is eligible to enter. Additionally, ...

(Date:6/19/2013)... Chrysler made news recently when it refused to accept the ... Jeep models in question are the 1993-2004 Jeep Grand Cherokee ... are vulnerable to fire and explosion in a crash. (1) ... have been alleged to catch fire or explode upon impact. ... rear-end crashes, which resulted in 44 deaths and the Liberty ...

Breaking Medicine News(10 mins):Health News:New Book Shows Children How the Body Fights Germs 2 Health News:Harris Hawaii Realtor Group Opens New Office in Wailea, HI 2 Health News:Entry Deadline for min’s Integrated Marketing Awards Is This Friday, June 21 2 Health News:Zinda & Davis PLLC: Why the Chrysler Recall Refusal Matters And May Set a Dangerous Precedent 2 Health News:Zinda & Davis PLLC: Why the Chrysler Recall Refusal Matters And May Set a Dangerous Precedent 3

[0] New Book Shows Children How the Body Fights Germs [0] Outlook with Ben Kingsley Examines International Access to Medical Care in Upcoming Report [0] Harris Hawaii Realtor Group Opens New Office in Wailea, HI [0] Entry Deadline for min’s Integrated Marketing Awards Is This Friday, June 21 [0] Zinda & Davis PLLC: Why the Chrysler Recall Refusal Matters And May Set a Dangerous Precedent

... , NORTH DARTMOUTH, Mass., Sept. 10 The ... is now offering all sleep medicine services at one location. ... the 84 Faunce Corner Road location in North Dartmouth, MA, ... their sleep disorders. , , While at ...

... , BALTIMORE, Sept. 10 The following statement ... Addiction Treatment Gap (CATG) initiative: , , ... addiction remains at pandemic levels, with 23 million Americans suffering from ... diabetes. But you wouldn,t know it from the way our ...

... , FORT LAUDERDALE, Fla., Sept. 10 ... on the dangers of synthetic hormone replacement therapy for menopausal women, ... safer treatment option. , , A white ... , published in the October edition of Life Extension ...

... NEW YORK, Sept. 10 Reportlinker.com announces that a new ... , North America Air Purification Equipment ... http://www.reportlinker.com/p0109900/North-America-Air-Purification-Equipment-Market.html , , ... Equipment in US$ Million & Thousand Units The market is ...

... SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: ... of technology and pharmacy benefit management (PBM) services, announced ... to June 30, 2011, for its informedRx PBM business ... Hawaii. Under the agreement, SXC is providing full-service PBM ...

... Sept. 10 Reportlinker.com announces that a new market research ... World Botulinum Toxin Market , ... This report analyzes the worldwide markets for Botulinum ... for ,Botulinum Toxin, by the Following Segments: Cosmetic, and Therapeutic ...

Sleep HealthCenters and Southcoast Hospitals Group Expand Patient Services in North Dartmouth Closing the Addiction Treatment Gap (CATG) Statement on Annual National Survey on Drug Use and Health Data Released by the Substance Abuse and Mental Health Services Administration (SAMHSA)The End of the Bio-Identical Hormone Debate Reportlinker Adds North America Air Purification Equipment Market Report SXC Health Solutions announces PBM contract renewal with Hawaii Employer-Union Health Benefits Trust Fund Reportlinker Adds World Botulinum Toxin Market Report

... Matching Card, three HRR symbol cards and instructions. ... for subsequent HRR 4th Edition color testing. There ... the youngest patients, the parents can borrow the ... of matching and become familiar with the HRR ...

HRR/Amsler book combo with occluding glasses....

... color perception charts are recognized internationally ... determining color deficiency. With normal color ... all be visible. Each color test ... is specially printed to measure incrementally ...

Accepted by leading authorities as a simple and accurate method for discovering congenital color blindness of two type total color blindness and red/green blindness. This book is used for children an...

Medicine Products:

HRR Pediatric Matching Kit HRR/Amsler Book Combo Ishihara Color Test Ishihara Test 24 Plate Book