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Re: ATLnsider post# 734292

Wednesday, 11/27/2024 7:49:23 AM

Wednesday, November 27, 2024 7:49:23 AM

Post# of 822321
I agree. The Phunware case cited the NWBO case as to why it is spoofing.

Phunware decision yesterday stated:

Viewed in the light most favorable to Plaintiff, the instances of sales within seconds of Defendant's spoofing activity are sufficient to plead loss causation under the temporal proximity theory using a common-sense inference. See Nw. Biotheraputics, Inc., 2023 WL 9102400, at *30

(holding that the 30 instances of trading within an hour of the spoofing activity were temporally proximate enough to justify a common-sense inference that plaintiff's stock sales occurred at an artificially depressed price).”



() were written by judge, not me.
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