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Acerus Pharmaceuticals Corporation

03:20 PM EST - Acerus Pharmaceuticals Corporation : Served a notice of motion to strike the statement of claim filed in the Ontario Superior Court of Justice by Eugene Melnyk against the company, as well as its Chairman and President & Chief Executive Officer. Acerus is proceeding with a motion to strike on the grounds that the claim discloses no reasonable cause of action and that the claim is frivolous, scandalous and/or vexatious, and represents an abuse of process of the court. The company maintains its position regarding the appropriate conduct of the business and its management, and will continue to vigorously defend against all such claims that imply otherwise. Acerus Pharmaceuticals Corporation
shares T.ASP are trading unchanged at $0.16.