NorthWest Biotherapeutics Inc (NWBO)

[Fireman02360]

Cohen-Milstein would not take losing case.

This is 100% correct and confirmed. These types of firms wont take a client unless there is over 75% chance of settling or flat-out winning the case. I was told that every week 100s of Security's Fraud cases get vetted in the US and less than 3% of these cases make it the step of actually filing suit. I was also told, from someone who read the court filings, that the evidence is pretty damning and detailed. Was also told that this is probably not the only evidence they have. Was also told the last thing Citadel wants is someone snooping around looking at the inner-working of their trading programs and putting it under intense scrutiny. Often during discovery, its like opening "pandoras box". This will most likely expose "other issues" that might not be known, but will added to the case. They call it "Discovery for a reason.

Finally: "You place a few of those young Citadel Trading Specialists and/or Quantitive Scientists on the stand in-front of a heavy hitter fraud lawyer from New York City, things will change pretty fast. The singing may not stop."

-Fireman