InvestorsHub Logo
Followers 47
Posts 696
Boards Moderated 0
Alias Born 05/12/2017

Re: HappyLibrarian post# 399512

Thursday, 09/02/2021 10:07:10 AM

Thursday, September 02, 2021 10:07:10 AM

Post# of 699764

The solution would be for shareholders to seek an injunction from a federal court once the year has past. This could be done pro se.



Ha, ha, ha, ha, ha! People kill me. What is your claim? Individuals can't sue to enforce civil or criminal statutes or to force a government agency to prosecute a case. See e.g. Inmates of Attica Correctional Facility v Rockefeller, 477 F.2d 375 (1973). You can't point to any actual damages, so you have no tort claim. There is no contract between you and NWBO that you can claim was breached. You can file a Shareholder Derivative suit that will go exactly as well as the pointless ones filed in the past. It will probably take about a year or two for the judge to get around to dismissing it pursuant to the defendant's 12(b)(5) motion for failure to state a claim.

At the very least the regulator would have to respond to the filing and at best they might make inquiries with NWBO and perhaps start a clock on how long NWBO can drag this out.

- Nope

A lot of laws do not get enforced unless an impacted party raises the issue. This is true in both civil and criminal matters.

- Nope

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News