Faruqi & Faruqi, LLP, Lead Counsel, Obtains Final Court Approval Of $6.25 Million Settlement In In re Geron Corporation Securities Litigation

On July 21, 2017, the Honorable Charles R. Breyer, United States District Judge for the Northern District of California, granted final approval of the settlement reached in In re Geron Corp. Sec. Litig., No: 3:14-CV-01224-CRB, for which Faruqi & Faruqi, LLP served as sole Lead Counsel on behalf of the Class. The settlement provides for a cash payment of $6.25 million in exchange for plaintiffs’ release of all claims alleged in the action.  This is an excellent recovery for the Class and constitutes a material percentage of the likely provable damages suffered by the Class.