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Friday, March 15, 2024 12:52:13 PM
Accordingly, the Court finds that NWBO has sufficiently alleged loss causation based on the temporal proximity between the spoofing and stock sales in the case of the 30 asterisked transactions in the chart in Paragraph 289, provided it submits an amended complaint adequately explaining how the sales prices were “formulaically derived” from the relevant closing prices, but that NWBO has not otherwise adequately pled loss causation under this theory
In short, all the Court wants to see is an explanation of that chart.
Maybe they will explain the chart as is. That seems difficult to me based on the time travel problem.
Maybe they will fix the chart and clarify it. That seems most likely to me.
Maybe they will try a totally different tack, or maybe just not file.
I do not claim to know what NWBO will do, but I do know what they are being asked for and it is not what everybody here thinks.
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