Navigation Links
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

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:
*Name:
*Comment:
*Email:
(Date:7/28/2015)... July 28, 2015  CryoLife, Inc. (NYSE: CRY ... focused on cardiac and vascular surgery, announced today its ... of 2015.  Pat Mackin, Chairman, President ... continued to execute on our growth strategy with solid ... June, we announced plans to transition to a direct ...
(Date:7/28/2015)... 2015 Voalte, the leader in healthcare ... purpose-built wireless communications, today announced that Bay Area ... acute-care facility in Webster, Texas ... solution on Spectralink PIVOT™ purpose-built smartphones for caregiver ... a member of its AIMS Partner Program last ...
(Date:7/28/2015)... -- ANI Pharmaceuticals, Inc. (NASDAQ: ANIP ) announced ... quarter and year-to-date 2015 financial results on Tuesday, August ... markets. The earnings press release will be accessible through ... www.anipharmaceuticals.com . Arthur S. Przybyl , ... Arnold , Vice President and Chief Financial Officer, also ...
Breaking Medicine Technology:CryoLife Reports Second Quarter Financial Results 2CryoLife Reports Second Quarter Financial Results 3CryoLife Reports Second Quarter Financial Results 4CryoLife Reports Second Quarter Financial Results 5CryoLife Reports Second Quarter Financial Results 6CryoLife Reports Second Quarter Financial Results 7CryoLife Reports Second Quarter Financial Results 8CryoLife Reports Second Quarter Financial Results 9CryoLife Reports Second Quarter Financial Results 10CryoLife Reports Second Quarter Financial Results 11CryoLife Reports Second Quarter Financial Results 12CryoLife Reports Second Quarter Financial Results 13CryoLife Reports Second Quarter Financial Results 14Bay Area Regional Medical Center Is First to Use Spectralink PIVOT with Voalte One for Caregiver Communication 2Bay Area Regional Medical Center Is First to Use Spectralink PIVOT with Voalte One for Caregiver Communication 3ANI Pharmaceuticals Schedules Conference Call for Second Quarter and Year-to-Date 2015 Financial Results 2
... Misonix, Inc. (Nasdaq: MSON ), a developer ... which worldwide is used for acute health conditions, today ... June 30, 2010 financial results on Tuesday, September 28, ... and Richard Zaremba, Senior VP and Chief Financial Officer, ...
... Systems, a privately-held company, announced today that they ... . The Fourth Annual Exclusive List of ... ranked Microfluidic Systems number 3035 with a growth ... comprehensive look at the most important segment of ...
Cached Medicine Technology:Misonix Schedules Fourth Quarter and Fiscal 2010 Financial Results Conference Call; September 28, 2010 at 4:30 p.m. Eastern 2Microfluidic Systems (MFSI) Receives Award from Inc. Magazine 2
(Date:7/28/2015)... ... July 28, 2015 , ... The ... Soul of Philanthropy Reframed and Exhibited,” a photographic and narrative exploration of African ... Denver’s historic Five Points neighborhood. , Denver is one of only ten cities ...
(Date:7/28/2015)... ... ... Dr. Edward Buckingham and Buckingham Center for Facial Plastic Surgery, is ... to Austin from Philadelphia, Dr. Roy will be completing his Fellowship in facial plastic ... by the American Academy of Facial Plastic and Reconstructive Surgery. , Since 1969, ...
(Date:7/28/2015)... Ababa, Ethiopia (PRWEB) , ... July 28, 2015 ... ... representatives during U.S. President Barack Obama’s visit to Ethiopia to learn more about ... Feed the Future Initiative . This initiative focuses on accelerating agricultural development as ...
(Date:7/28/2015)... ... July 28, 2015 , ... ADLINK Technology, a ... edge devices that enable the Internet of Things (IoT), announced its new medical ... to provide exceptional computing power and multitasking capabilities. The MLC 4-21 is completely ...
(Date:7/28/2015)... ... July 28, 2015 , ... Dr. Aziz Ahmad recently gave a ... place from noon to 1 p.m. Tuesday, June 23, at the Gulf Coast Regional ... Dr. Ahmad is board-certified in colorectal surgery and has more than 35 years of ...
Breaking Medicine News(10 mins):Health News:"The Soul of Philanthropy Reframed and Exhibited” Comes to Denver 2Health News:Buckingham Center for Facial Plastic Surgery Welcomes Fellow 2Health News:Buckingham Center for Facial Plastic Surgery Welcomes Fellow 3Health News:US President learns from DuPont Innovations in Food and Agriculture in Ethiopia 2Health News:US President learns from DuPont Innovations in Food and Agriculture in Ethiopia 3Health News:US President learns from DuPont Innovations in Food and Agriculture in Ethiopia 4Health News:ADLINK Launches High Performance, Fully-Sealed Medical-Grade Panel PC 2Health News:ADLINK Launches High Performance, Fully-Sealed Medical-Grade Panel PC 3Health News:Dr. Aziz Ahmad Delivers Talk at Gulf Coast Medical Center 2
... new release of HeartScore the interactive tool designed to ... and stroke in Europe created by the European Society ... 2008 at www.HeartScore.org . , This revised version ... patient data history and progress monitoring. Three formats are ...
... Ind., Dec. 3 New footage released today from an ... Parenthood staff deliberately violating the state,s mandatory reporting laws for ... footage shows Lila Rose, a UCLA student journalist ... a 13-year-old girl. In an appointment with a Planned Parenthood ...
... Pulmonary Fibrosis (CPF) today announced the launch of its newly ... fibrosis (PF), a devastating and ultimately fatal disorder characterized by ... Americans. Prevalence and incidence of PF has increased more ... each year - the same number as breast cancer. , ...
... As part of its continued commitment to,transparency, ... and consumer access to timely information about their ... medical records. , ... site,( www.ClevelandClinic.org ) a current directory of all ...
... Convenience Through Easy-to-Read Labeling, Standardized O.R. Color-Coding , ... Central Admixture Pharmacy Services Inc. (CAPS(R)), a B. Braun ... will introduce a number of advances to its products ... and American Society for Testing and Materials (ASTM) color-coding ...
... Cardium Therapeutics,(Amex: CXM ) announces ... providing,an investor presentation, corporate update and review of ... will be presented following the close of,market today ... accessed at, http://www.investorcalendar.com/IC/CEPage.asp?ID=138418 at that time. ...
Cached Medicine News:Health News:The ESC launches a new release of HeartScore 2Health News:The ESC launches a new release of HeartScore 3Health News:Live Action: New Video Shows Indiana Planned Parenthood Covering Up Rape of 13-year old Girl 2Health News:CPF Updates Patient Education Materials to Meet Growing Demand for Pulmonary Fibrosis Information 2Health News:CPF Updates Patient Education Materials to Meet Growing Demand for Pulmonary Fibrosis Information 3Health News:CPF Updates Patient Education Materials to Meet Growing Demand for Pulmonary Fibrosis Information 4Health News:Cleveland Clinic Boosts Transparency, Makes Physician Disclosures Available Online 2Health News:Cleveland Clinic Boosts Transparency, Makes Physician Disclosures Available Online 3Health News:Writing a Prescription for Safety: B. Braun CAPS(R) Announces New Advancements at ashp 2008 2Health News:Writing a Prescription for Safety: B. Braun CAPS(R) Announces New Advancements at ashp 2008 3Health News:Cardium Announces Investor Presentation and Corporate Update Webcast 2
The proximally modular S-ROM Total Hip System provides custom capability at non-custom prices and is competitive with conventional porous coated systems....
Quatroloc Revision Hip System...
Severe revision options for the knee and hip...
Severe revision options for the knee and hip...
Medicine Products: