NorthWest Biotherapeutics Inc (NWBO)

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Defendants’ Allege NWBO Failed to Plead Loss Causation Under the Temporal Proximity Theory

“The SAC should be dismissed because it does not allege spoofing close enough in time to the close on any “Pricing Date” used to determine NWBO’s sale price. “

“In an efficient market, the alleged spoofing would cause mispricing for seconds at most, not the hours or days NWBO claims."

"No court has ever found spoofing’s impact lasts more than seconds, let alone an hour."