Avid Bioservices Inc (CDMO)

[TampaTradr]

"PPHM itself filed for fraud and constructed fraud. The fact that they were not allowed to defend that because of the summary judgement doesn't make it go away. "

The fact that they filed for it does not make it true.

I could go down to the Courthouse this morning and file a lien on my next door neighbors house, claiming an unpaid debt, and it would be filed.

That would not make the debt "fact", it makes it an allegation.

Claiming it's true cause PPHM said it does not compute.

If it was a summary judgement decided by the judge, then the judge concluded the allegations were without merit. If it was made as part of a settlement, keep reading.

The statement that they "were not allowed to defend it" is (IMO) totally false. The court system allows defense, and then a decision is rendered. If they CHOSE to accept a settlement that waives their right to pursue that angle, they were hardly "disallowed".

And the topping on the cake? The final decision to pursue it or accept settlement rested entirely with the BOD's.