Bit­ter board mem­bers at Arc­turus head to le­gal of­fice to vote on di­rec­tors

The show­down be­tween Arc­turus $ARCT and its for­mer CEO is cul­mi­nat­ing in what will like­ly be a rather un­com­fort­able meet­ing at the com­pa­ny’s le­gal of­fice, where share­hold­ers will vote on who should sit on the board.

Joseph Payne, the for­mer chief ex­ec­u­tive who was fired from the RNA med­i­cines com­pa­ny for al­leged­ly putting his own self-in­ter­ests be­fore the com­pa­ny’s, has been a bit of a thorn in the com­pa­ny’s side over the past cou­ple weeks. He had his at­tor­ney draft a let­ter in re­sponse to his ouster, al­leg­ing the board had con­spired against him. In par­tic­u­lar, the let­ter said Payne had been pushed out by four com­pa­ny di­rec­tors, who he says en­gaged in an in­trigue that vi­o­lat­ed the rules es­tab­lished by the Is­raeli laws that gov­ern its op­er­a­tions.

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