Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

That's what it usually takes to start a class action in nano-cap land. Investors in such companies don't have the wherewithal to initiate an action and see no benefit in suing the Company that they once and in some cases still do love. The law firms in the class action business don't have such compunctions and will plunge ahead based on Company assets and insurance policy status....and as we've seen they rarely have a problem finding a shareholder(s) to serve as lead plaintiff.