Replies to post #548713 on NorthWest Biotherapeutics Inc (NWBO)

[extrooper]

An Excellent securities Attorney

[Poor Man -]

Interesting choice of lawyer. Has class action and anti trust experience against a Big Pharma (BMY).

[AAPL31415926]

https://www.cohenmilstein.com/professional/michael-b-eisenkraft

[The Danish Dude]

Thanks for your info Fireman.

Don't know whats going on, but good luck.

Looking forward to the great "roast a short" day.

[MrSmithOG]

Do you still stand by your prediction of news this week?

[attilathehunt]

https://www.cohenmilstein.com/professional/michael-b-eisenkraft

[Springbok80]

You have been a wee bit quiet lately. Still this week?

[sentiment_stocks]

Here's a debate I came across between CohenMilstein's lawyer Michael B. Eisenkraft (handling our case) and Jessica Miller (Skadden Arps - whom Les also worked for) over a case that went before the Supreme Court (Halliburton V. Erica P. John Fund). Some may not feel like listening to the entire 45 minute video, although some lawyers on the board may find the arguments somewhat interesting. I thought it was helpful to get some insight as to Eisenkraft's approach to cases such as our's.

One should note, however that this dialogue took place about 8 years ago.

The quotes below are Eisenkraft's.

"What we do as private lawyers helps… we supplement what the SEC does.

29:5 min
Well over 90% of lawsuits settle.

If you have two rational players on both sides getting more and more information about how much the case is worth, and what your chances of prevailing are and what the damages are, of course you’re going to settle. You’d rather take a number that’s a reasonable measure of the value of the case then put it in the hands of a jury, which could go all one way or the other. And it’s also a two-sided coin. It’s not just defendants who are settling. Plaintiffs are settling. We’re choosing not to take these case to a jury because we’ve arrived at a fair number.

It’s not pejorative for a case to settle… it means the system works. Cause as you go past the Motion to Dismiss, Summary Judgement, Class Certification, Document Discovery, you’re getting an idea of how valuable your claim is, how much of a chance you have of victory. The other side is seeing that same information. So you shouldn’t… it’s a failure when a case goes to trial, or there are emotional issues involved or larger issues in the case. Or you have an irrational player. Other than that, cases should settle. So I don’t… that just bothers me every time someone says that, you know, after Certification, it’s a treasure trove, and people settle all the time. It’s just that’s the way litigation works.

32:25
Or, like penny stocks. Often these are like pump and dump schemes, these are like things that trade on the pink sheets that are complete Ponzi schemes. But it’s a OTC, pink sheet traded stock and it’s not an efficient market. But, when it’s exposed to fraud in the market, and the company goes bankrupt, people are hurt.

39:55
I fully admit, my mortgage is paid for by securities class actions. But it’s not easy at all. And we only bring cases where we think we have a chance of winning. You know, Jessica and her team at Skadden, and teams at all these very good law firms, squish any of our lawsuits that are not meritorious. And they cost a lot of money. And the money we’re investing is ours. You know, we do this on a contingency. Economists are expensive. Our time, as we like to think, is valuable. We invest millions of dollars in these cases. And if we don’t think there’s a good chance of success, we’re not going to bring them. And if we bring them and wrong about the merits, we’re going to lose."

https://vimeo.com/98196725