Replies to post #150565 on Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

"Ehrlich declined to comment on the possibility of sanctions against the law firm until he spoke to Sullivan, but said be believes “it’s appropriate.” Ehrlich said that anecdotally, he’s already seen — and others in the industry have told him — a decrease in “frivolous” shareholder lawsuits."

Thanks for sharing!

http://www.bizjournals.com/boston/blog/bioflash/2016/06/judge-dismisses-shareholder-lawsuit-against.html

[Areader]

Dismissed WITH prejudice. Nice.

[I Need Help]

Thanks for posting the link. Well worth reading this article. Several tantalizing tidbits. Confirms many of my own posts over the past months.

I am certain there will be a PR. Probably after Leo has had a chance to consult with Sullivan.

There still remains a fair possibility for a countersuit for potential damages. May have a lot to do with how Sullivan expects payment for service. If Sullivan is fairly confident, he could just ask for a percent of potential damages. This would be fair, even if the percentage were high. I say that because justice has not yet been metered out to Rosen, Seeking Alpha, Mako, and any others who have profited by unfairly trashing CTIX.

[warrenthomas4001]

Ha! I think Seiffert faithfully pre-wrote this story. Semper paratus!