NorthWest Biotherapeutics Inc (NWBO)

[ae kusterer]

WOW, what a defense ! CITADEL, et al . "We don't deny spoofing; we just had no idea it would affect the NWBO stock price ."

"the Complaint fails to adequately allege scienter."

ADVISORY COUNSEL: "Also defendant argument (more or less) that yes we spoofed (again they have not admitted this as such its my interpretation) but we had no idea we were engaging in any wrong doing (scienter) is also absurd to the extent of comical coming from Citadel."






Frequently Asked Questions
What is meant by scienter rule?
The scienter rule is a standard used in legal cases to prove if someone committed an act to cause damages or injury to someone. To prove scienter, a perpetrator must have acted knowingly, willfully, intentionally, or in reckless disregard of the law.

Is there an exception to scienter?
Any case dealing with strict liability can be an exception to having to prove scienter. Strict liability refers to someone having complete responsibility for something; and if an event happens that causes harm to another party, the person with strict liability can be found guilty of scienter, even if they were not present during the event.

What is the scienter or intent requirement?
The scienter requirement of intention means that someone commits an act or behaves in a way to directly cause harm to someone else. This can be proven by someone reacting to an event or planning out a way to cause injury.

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