NorthWest Biotherapeutics Inc (NWBO)

[KRISGO]

Galzus, in my opinion, regardless of how much damage was done in those one or two days, the company has continued to suffer ever since. The stock price has never truly recovered, so I don’t think the attorneys’ main focus is only on what happened during that specific period. It’s also about punitive damages and how the company has had to dilute its stock just to survive.
If the exposure were only a few million dollars, I don’t think Canaccord would have settled with Northwest. They likely would have joined forces with the other market makers instead. Let’s see what happens.

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.