Arcturus' ex-CEO triumphs, ousting board that ousted him
The curtain is falling on the epic drama between little San Diego biotech Arcturus and its former CEO Joe Payne. After months of harpooning each other with lawsuits in a war for control, Payne has prevailed.
At least that’s what we’re reading from a statement Arcturus published today, which announced that four board members are resigning: Stuart Collinson, Craig Willett, Daniel Geffken, and David Shapiro. This was the action Payne has been rooting for, as these four directors, he alleged, conspired against him — resulting in the firing of Payne this February. In particular, Payne said these guys engaged in activity that violated the rules established by the Israeli laws that govern its operations.
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