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Saturday, December 16, 2023 12:58:43 PM
For the record, the Smith vs Cognate lawsuit went to jury with Smith winning and denial of the LP claims of IP theft prior to "WolfGate".
On March 6, 2014, the jury found in favor of Smith on all his claims, awarding him several hundreds of thousands of dollars in damages, and found against Cognate on all its counterclaims. (Circuit Court Verdict Sheet.)
In addition to the counter claims in the original suit, LP attempt to file a lawsuit in return for IP theft was ongoing but subsequently dismissed as the issued had already been decided by the jury trial.The order That suit was :
Cognate Bioservices, Inc. ("Cognate"), along with Healthbank, Inc., Oncocidex, Inc., Theradigm, Inc., and Vesta Therapeutics, Inc. (individually, "Healthbank," "Oncocidex," "Theradigm," and "Vesta"; collectively, "the non-Cognate plaintiffs"), have sued Alan K. Smith and Alan Smith Consulting, Inc. (individually, "Smith" and "Smith Consulting"; collectively, "the Smith defendants"), and MacroCure, Ltd. ("MacroCure"), alleging (1) violations of the Computer Fraud and Abuse Act, 18 U.S.C. § 1030 ("CFAA"); (2)
Those other companies were LP's that she was claiming had their IP stolen. Note what company is not in the list?
You might also note that LP took no action for years. It was only after being sued by Smith that LP sued back. If this was really some sort real theft by Smith it would not have been Smith taking the first action.
So why the big deal about it? NWBO was not involved in it. If LP had an issue she could have told NW she wanted somebody else.
But as you know, NW had already become an activist investor and was pushing for changes that could restrict LP's cowboy style of corporate governance. So she created a smokescreen to divert from what would happen in the following weeks.
Recent NWBO News
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