Worth a read IMO - POST #143283 on iHub by "I NEED HELP" listed below in full
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There was a recent case with similarities to CTIX's, in which, the judge sanctioned the plaintiff's side with paying for the defenses' court costs of approximately 2M, and suggested that the defense countersue for damages.
I think it is common for plaintiffs to wait for an initial ruling before acting on a suit for damages. This would be a civil suit. There could be additional investigations ongoing by the SEC and law enforcement concerning securities law violations. Criminal, with potential monetary penalty and/or jail time.
As I mentioned many posts back, the end game is much closer to being over for CTIX than it is for its antagonists.
I think the legal issues go well beyond CTIX, as the tactics used against CTIX were becoming cookie cutter in nature and frequent against, particularly, small cap biotechs. This was hurting many investors, and affecting the markets. For a few millions in gains, hundreds of millions of dollars in market caps were being destroyed. Real assets to companies and investors. It also negatively affected many investor's perception of a fair and transparent market.
In a nutshell, it appears that some got greedy, and now are facing blowback.
One consequence, the type scheme used against CTIX is now fairly rare. It's been awhile since SA has published a CTIX type hit piece. For awhile, they were producing these at a fairly fast clip.
Just my thinking; but, could there have been coordination amongst those anonymous authors, SA, other blogs, shorts, and certain legal firms??? How could a lawsuit come out just hours after a Blog is published, relying mostly on its contents, and there not being coordination amongst some??? SA and blogs hiding behind the First amendment. Legal firms hiding behind legal privilege. Anonymous authors hiding in anonymity. Shorts hiding in market vagaries.
The perfect murder, she wrote.
Come to think of it, this whole story would make a worthy journalistic investigation, with book, and movies; like The Big Short and Wolf of Wall Street.
____________________________________________________________
There was a recent case with similarities to CTIX's, in which, the judge sanctioned the plaintiff's side with paying for the defenses' court costs of approximately 2M, and suggested that the defense countersue for damages.
I think it is common for plaintiffs to wait for an initial ruling before acting on a suit for damages. This would be a civil suit. There could be additional investigations ongoing by the SEC and law enforcement concerning securities law violations. Criminal, with potential monetary penalty and/or jail time.
As I mentioned many posts back, the end game is much closer to being over for CTIX than it is for its antagonists.
I think the legal issues go well beyond CTIX, as the tactics used against CTIX were becoming cookie cutter in nature and frequent against, particularly, small cap biotechs. This was hurting many investors, and affecting the markets. For a few millions in gains, hundreds of millions of dollars in market caps were being destroyed. Real assets to companies and investors. It also negatively affected many investor's perception of a fair and transparent market.
In a nutshell, it appears that some got greedy, and now are facing blowback.
One consequence, the type scheme used against CTIX is now fairly rare. It's been awhile since SA has published a CTIX type hit piece. For awhile, they were producing these at a fairly fast clip.
Just my thinking; but, could there have been coordination amongst those anonymous authors, SA, other blogs, shorts, and certain legal firms??? How could a lawsuit come out just hours after a Blog is published, relying mostly on its contents, and there not being coordination amongst some??? SA and blogs hiding behind the First amendment. Legal firms hiding behind legal privilege. Anonymous authors hiding in anonymity. Shorts hiding in market vagaries.
The perfect murder, she wrote.
Come to think of it, this whole story would make a worthy journalistic investigation, with book, and movies; like The Big Short and Wolf of Wall Street.
