SIGA Technologies, Inc. Receives Bankruptcy Court Approval For First-Day Motions In Connection With Chapter 11 Case

NEW YORK--(BUSINESS WIRE)--SIGA Technologies, Inc. (NASDAQ:SIGA), a company specializing in the development and commercialization of solutions for serious unmet medical needs and biothreats, announced today that it has received Bankruptcy Court approval of “first-day” motions that it filed on September 16, 2014, the date on which it filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The approval of these “first-day” motions by the Bankruptcy Court will assure that SIGA’s operations will continue seamlessly in chapter 11 and that it will be business as usual.

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