Avid Bioservices Inc (CDMO)

[skweze]

Isn't the CA lawsuit actually already dismissed (w/o prejudice), but will become dismissed with prejudiced and bar any future litigation on this cause of action unless an amended complaint is filed by the end of today? (Incidentally, does anyone know the cutoff time for filing?)

I would suspect that Peregrines lawyers already know whether the plaintiff's lawyers intend to file an amended complaint. (But then again, some lawyers can be real <insert your choice of pejorative here>'s.) The question, imho, is how much, if any, the final disposition on the CA has already been priced into the stock, and how much remains to be priced in once the deadline actually expires.

The CA ambulance chasers can string out the process for awhile, but the case will never go to trial. If they had an actual cause of action they would have pled it the first time. In my view they should be sanctioned for frivolous litigation and wasting the time and resources of the court. I will not be surprised if these clowns file another amended complaint.