The BOD has appointed an independent financial expert to investigate the allegations made by Phase V about NWBO.
plain and simple
Mr. Jasinowski commented: "As we announced last week, we welcome Mr. Woodford's recent call for an investigation to address the allegations in a recent anonymous internet report and lawsuit, and we agree with Mr. Woodford that the investigation needs to be fully independent. We are particularly pleased that after considering various possibilities, we have selected accomplished, experienced, respected and fully independent parties to assist us in the investigation."
The Special Committee considered various candidates to head the Investigation Team and selected Messrs. Irvin Nathan and Steven Kaplan of Arnold & Porter LLP. Neither Arnold & Porter LLP nor Mr. Nathan or Mr. Kaplan has previously done any work for NW Bio, or otherwise been connected with the Company or its Board or management.
Mr. Nathan's background includes service in the Justice Department as a Deputy Assistant Attorney General, as well as service as General Counsel for the U.S. House of Representatives, Attorney General of the District of Columbia, Vice Chairman of the D.C. Board of Professional Responsibility and Chair of the Ethics Committee of the D.C. Bar, as well as many years in private practice and extensive experience in conducting investigations.
Mr. Kaplan's background includes heading the Corporate and Securities law practice of Arnold & Porter LLP, with extensive experience with corporate governance and internal investigations, in addition to securities law compliance, capital markets and mergers and acquisitions.
The Special Committee anticipates that the investigation will get under way in the coming week and will likely take at least 90 days.
Nathan and Kaplan are not there to rubber stamp, pal.
You are spinning again
I find your sleeper account interesting
NW wanted an independent investigation and he is going to get one. they are in the process of appointing one
"The Company is in advanced discussions with several other high caliber potential candidates for the new independent Director position, and expects to complete the appointment process soon"
Yes, I admit this is different that the original investigation proposed by NW, the one proposed by NWBO is greater than the one proposed by NW in that there are two investigations, one investigation is internal with an independent investigator, and the other investigation will be external with an independent ex-FBI agent.
I would personally rather get information about the science and I am disappointed that we have yet to get information. The other matter that WAS disappointing was the lack of follow up by NWBO about NW's proposal, and NWBO just answered his proposal, for that I am reassured.
