Since the details of the Canaccord settlement were not disclosed, we cannot know the amount for sure. But we can still think about the likely ballpark, not the exact section and seat.
If Canaccord settled, it almost certainly involved no admission of fault and no punitive award. It would most likely be a negotiated payment to exit the case, avoid continued legal expense, discovery risk, and uncertainty.
The damages framework also matters. The court narrowed the surviving loss to specific NWBO stock sales tied to alleged spoofing, roughly 40.5M shares in total.
If you assume a price impact of $0.50 to $1.00 per share across the whole narrowed share count, that implies roughly $20M to $40M total gross damages before attorney fees and before allocation among defendants.
Also, that damages number is not per defendant. It is not $20M to $40M times seven. If the total gross damages were $20M to $40M across the narrowed share count, and if responsibility were divided equally among the original 7 defendants just as a rough scale check, that would be about $2.9M to $5.7M per defendant before attorney fees and settlement discounts.
If attorneys take roughly 1/3, that would net roughly $1.9M to $3.8M to NWBO from an equal share defendant before any other costs or settlement terms.
Also, if the Canaccord settlement were large enough to materially change NWBO’s financial condition, I would expect it to show up in an 8-K or later SEC filing, and I would expect it to reduce the need for further dilution. If the company continues to finance operations through debt and equity issuances, that would not support the idea that Canaccord paid a major jackpot settlement.
Market Data 
Markets 
