litigation
confidence high
sentiment negative
materiality 0.75
Aligos Therapeutics sued by Janssen over breach of contract, IP ownership
Aligos Therapeutics, Inc.
- Janssen Biopharma filed complaint in Superior Court of California, San Mateo County on March 26, 2022.
- Alleges breach of contract by CEO Lawrence Blatt and President Leonid Beigelman, tortious interference by Aligos.
- Janssen seeks declaratory judgment on IP ownership, injunctive relief, and monetary damages.
- Company believes allegations are without merit and intends to defend vigorously.