Humanigen Inc (HGENQ)

[fireopal]

"... I. INTRODUCTION --Disclosing to investors facts about a government investigation into possible wrongdoing at a public company can be a difficult and sensitive decision that may have enormous business and legal ramifications. There is no statute, regulation, or rule that explicitly imposes a duty to disclose the existence of an investigation to investors and caselaw does not provide much guidance. Counsel and publicly reporting companies must, however, be mindful of the principles that can help guide the analysis of when, how, and where such disclosure should be made if the investigation is to be disclosed at all.... https://www.cravath.com/files/Uploads/Documents/Business%20Lawyer%20-%20Stuart.pdf

seems like disclosure is a very grey area and i tend to think/believe that if shkreli's indictment was connected to the company KaloBios then he would have been obligated to disclose this information but it was/is not, and had Nasdaq not penalized the company via their trading halt then stock just might have headed back up after initial drop and investors would be happy etc.