iBio Inc (IBIO)

[panzer2]

Over the last 10 years dealing in pennies, numerous stocks I have had positions in have all been attacked by one or more of these firms. A little due diligence will show that the "securities" ambulance chaser segment of the law profession has a success rate of less than 3%. In fact, the success rate the rag heads at Faruqi & Faruqi is less than 1% because they cannot find a lead plaintiff and/or they cannot get certified as a class due to weak or even false claims.
A throw-out rate of 97-99% means these suits are statistically insignificant and sometimes end in counter suits that are far more successful and lucrative.