On March 24, 2026, the United States District Court for the District of Massachusetts issued a Memorandum and Order in the case of Byron Olsen, Individually and on Behalf of All Others Similarly Situated v. Agenus Inc., et al., a putative securities class action alleging violations of federal securities laws related to the company's public disclosures. The court granted the defendants' motion to dismiss the amended complaint in its entirety, ruling in favor of Agenus Inc. and the individual defendants, including Garo H. Armen, Christine M. Klaskin, Steven J. O'Day, and Todd Yancey. Furthermore, the court denied the plaintiff's request for leave to amend the complaint. This ruling is significant as it not only clears Agenus Inc. of the allegations but also reinforces the integrity of its public disclosures, potentially boosting investor confidence and stabilizing the stock price. The dismissal of the case may lead to a positive market reaction, as it alleviates concerns regarding legal liabilities and enhances the company's reputation in the eyes of investors. The court's decision reflects a favorable outcome for the company, which could have implications for its future operations and strategic initiatives.

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