NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

On a very quick read the main point raised is that even an hour is too long a period for the spoofing effect to last. Basis of their argument:

1) A recent court decision just weeks ago,

District Judge Dale E. Ho dismissed identical claims in Phunware v. UBS Secs. LLC, 2024 WL 1465244 (S.D.N.Y. Apr. 4, 2024), holding that the very allegations of rapid price reversion that permitted a finding of scienter foreclosed plaintiff’s attempts to plead loss causation.

2) The argument that NWBO has asserted the MMs are flipping the cheap shares just seconds later at fair market prices (no longer impacted by the bating).

No comment as of now, other than we need to see what happened in Pharma where the same plaintiff legal team was on the wrong side of at least some decision.