Myovant, Sumitomo Deal Hurt By Skadden Conflict, Suit Says
By Katryna Perera ( September 14, 2023, 4:54 PM EDT) -- Pharmaceutical companies Myovant Sciences Ltd. and Sumitomo Pharma American Inc. were sued by a shareholder alleging that lawyers from Skadden Arps Slate Meagher & Flom who helped negotiate a merger between the companies had undisclosed conflicts that resulted in lost value to Myovant minority shareholders after the deal went through at what they called a suboptimal price....
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