Replies to post #98775 on NorthWest Biotherapeutics Inc (NWBO)

[vator]

Claims against NWBO were dug from the Phase V report. Has everything to do with it.

[Jack2479]

If Malik needed to show the allegations were untrue and if Cenkos were aware of this fact when they fired him then it would help his case no end.....I cannot find anywhere the outcome of his case....considering it was reported on Bloomberg and was in October i can only assume that for some reason it has yet to be made public....I have never heard of an employment tribunal in the UK that does not reach a verdict at the end of the hearing. If it was subject to a further investigations then everyone involved would be subject to a gagging order.

http://www.telegraph.co.uk/finance/comment/richardfletcher/2791367/Giant-manager-who-paddles-with-tiddlers.html

[vator]

When the lawyers trolled for plaintiffs they used exact text from the Phase V report.

I think NWBO will not settle and insurance pays for their defense. I think NWBO wants a pound of flesh and will not settle without prejudice. I think they believe the short conspiracy and this action will extend a number of years until the company gets satisfaction. Otherwise it would have been settled a while ago and we would have seen the internal investigation by now.

[AVII77]

Navid's case against Cenkos has nothing to do with NWBO.....Navid got sacked from Cenkos ( his full time job ) because of the allegations contained in PhaseV. Cenkos used the PhaseV report as the reason to sack Malik

And what Phase 5 missed was: they thought Malik first entered the NWBO scene in 2010.

In reality, Malik entered the NWBO scene in 2007 with the Swiss Approval pump.

A quick 2007 timeline for you:

NWBO got listed on the UK AIM Market
NWBO raised $25 million from the AIM listing
NWBO issued a PR saying DCVax was approved in Switzerland
Malik pumped the Swiss Approval.
NWBO issued a PR saying it was all just a big mistake.

Not your classic pump and dump. More like a pump, raise funds, and then transfer those funds to yourself.

Linda charged NWBO $550k/month for a facility it bought for $1.1 million.
Linda charged NWBO $32k/month for office space for their 4 employees
NWBO enrolled 33 patients.
NWBO ran out of money.
NWBO put the trial on hold (w/o disclosing it)

Then, a few years later, they start the trial again.
Pump the first interim
Pump the HE
Pump the EAMS
Pump the Direct Data
Pump the info arm data

Pump Pump Pump
Raise Raise Raise
Invoice Invoice Invoice.

Genius.

But if this doesn't disgust investors I suggest doing some soul searching.

[biosectinvestor]

He may have gotten a reference, or chosen the firm then because they are already very familiar with the matters involved, given that they already represent the firm. They also may be observing because there could be implications for the company, or for the Navid as a director, and he may be covered by directors liability insurance.

There are any number of reasons why he might choose that firm or they might be involved on behalf of the company, given that there is a list of 5 or more law firms for the other case (Yonemura), there appear to be a lot of firms participating for various reasons. If I were him, I'd chose the firm that would be most efficient and would take the least time to get up to speed and would be best in a position to find the necessary information to rebut any allegations. One that is already litigating related matters, and for which I could possibly get a waiver, if it represents the company elsewhere, or possibly, as I say below, it could be in another context.

The fact that he is suing, speaks volumes to me. Though not a certainty, obviously, the fact that he wants to litigate it and subject himself to discovery, depositions, and potentially being crossed on the stand, under oath, suggests to me he feels pretty confident. It's a civil suit, at his option, so I would rather suggest he thinks he has been wronged and he is going to get down to the bottom of it, and perhaps the company's counsel would also want to know those details.

Recognize too, in court cases, and this happens frequently, third-parties can intercede in the procedings if the outcome could affect them. Mostly, they get access to key and relevant materials and get to make filings. So Gibson Dunn could be involved under a variety of different contexts, on behalf of the company, on behalf of a director, as an observer or interceding party (third-party, if Malik had another counsel, then possibly on behalf of NWBO), or, most likely, just as counsel who would be most qualified to handle the matter because if their familiarity with other matters. The lawyers can't lie in papers and you usually don't want a lawyer that knows "a lot" if you're a guilty party. So again, that speaks to me about a person who feels wronged and is pursuing his interests aggressively and without concerns. I haven't seen all of the documents, but I'm sure it all makes for interesting reading.