No mention of Omonty's in the CC transcript. I talked to Lisa at IR again yesterday, she said there is no financial impact to Affymax from the lawsuit. Two parts were dismissed and the judge said one part could 'move forward', but 1) a decision on that part has not been reached, and 2) if the decision for that part is in favor of the claimants, it WILL BE covered by Directors and Officers insurance.
Hard to believe there is no financial impact. Of course there is. AFFY has a contractual duty to indemnify and hold harmless its current/former officers and directors in connection with litigation liability AND at $200 per hour for time spent in connection with the litigation. While a judgment against AFFY is covered by insurance, the proper question is whether insurance is adequate to cover the ENTIRE judgment.