Bone Biologics settles breach-of-contract lawsuit for $750,000 cash payment

Bone Biologics Corp

Company will pay plaintiffs $750,000 cash within 20 business days of the January 9, 2024 effective date.
Insurance carrier contributes $400,000 less certain retention amounts toward the settlement.
Parties to file joint stipulation to dismiss the action with prejudice; resolution avoids further litigation costs.
Settlement covers claims against both the company and defendant Stephen LaNeve.

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