Two French scientists are suing the state of Delaware for seizing and selling their stock without their knowledge, depriving them of millions of dollars in gains.

French scientists Dr. Gilles Gosselin and Dr. Jean Louis Imbach allege that Delaware officials wrongfully seized their shares in Idenix Pharmaceuticals Inc. and sold the stock for $1.7 million to pad the state budget in 2009.

After Merck MRK -0.18% & Co. acquired Idenix in 2014, the scientists learned they no longer had stock in the company and couldn’t collect on a $13.7 million windfall from the deal because Delaware officials had sold their shares five years earlier…

Read the story… | Source: Wall Stree Journal | Date posted: 2/23/2020