litigation
confidence high
sentiment neutral
materiality 0.60
Sunshine Biopharma settles dispute with former Nora Pharma president for CAD$1.5M
Sunshine Biopharma Inc.
- Company to pay CAD$1.5M (approx US$1.06M) to Malek Chamoun to settle all claims and cross-claims.
- Settlement includes earn-out, bonuses, indemnity in lieu of notice, and expense reimbursement; no admission of liability.
- Chamoun must sell all his Sunshine Biopharma shares within 30 days; non-compete and non-solicitation obligations terminated.
- Mutual releases of all claims; parties agree to confidentiality and non-disparagement.