Replies to post #214039 on Cytodyn Inc (CYDY)

[justdafactss]

A court document alleging fraud, insider trading, etc, looks pretty serious to me

Rule 10b-5
Rule 10b-5 is a catch-all provision that is perhaps the most important and widely used anti-fraud securities rule. For example, the SEC typically uses this rule to charge a person with illegal insider trading, as the rule applies to "any person" who "defrauds" another person in "the purchase or sale of any security." In 2000, new regulations known as Rule 10b-5(1) and Rule 10b-5(2) were created to clarify the scope of Rule 10b-5.
https://www.findlaw.com/consumer/securities-law/securities-and-exchange-act-rule-10b.html

[3X Charm]

Laughing. The matters recited in the class action pleadings are easily researched in the public domain. Much of the information and claims by Nader cited, previously appeared on the Cydy website, which were entirely scrubbed in response to an FDA rebuke of Nader and the company. Now the CYDY website bears only a warning label.