litigation
confidence high
sentiment negative
materiality 0.50
Beyond Air loses appeal in Empery Suit; $7.4M collateral already posted
Beyond Air, Inc.
- Appellate Court affirmed prior judgment against Beyond Air in Empery Suit.
- Company had posted $7.4M cash as collateral for supersedeas bond pending appeal.
- Beyond Air says the adverse outcome will not materially impact liquidity or operations.
- Lawsuit originally captioned Empery Asset Master, Ltd. et al. vs. AIT Therapeutics, Inc.