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BIND Therapeutics Stipulation Approved

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The U.S. Bankruptcy Court issued an order approving BIND Therapeutics’ stipulation by and between DNIB Unwind (f/k/a Bind Therapeutics) and Comerica Bank.

As previously reported, “Specifically, the Stipulation (i) provides for full and final satisfaction of the Credit Card Debt and termination of the Pledge Agreement; (ii) provides for full and final satisfaction of the LOC Indebtedness; (iii) allows the Parties to completely avoid initiating any and all litigation related to the Credit Card Debt, the LOC and the Pledge Agreement and any attendant costs, risks, and distractions; and (iv) allows Comerica to transfer to the Debtors the balance of any funds held in the Money Market Account, including any accrued interest.”

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