leadership
confidence high
sentiment negative
materiality 0.90
Eiger BioPharma CFO resigns; appoints CRO amid Chapter 11 bankruptcy
Eiger BioPharmaceuticals, Inc.
- CFO William G. Kachioff resigned effective April 29, 2024, as company restructures under Chapter 11.
- Board appointed Douglas Staut (Alvarez & Marsal) as Chief Restructuring Officer effective April 19, 2024.
- Company in Chapter 11 bankruptcy (Case 24-80040); relying on A&M for financial and accounting functions.
- Company warns trading in its securities is highly speculative and may result in total loss for holders.