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Margin Buu

02/13/24 7:02 AM

#671790 RE: Poor Man - #671777

https://www.cohenmilstein.com/protecting-market-participants-from-manipulative-trading/

The defendants argued, as those accused of spoofing always do, that their conduct was normal trading activity, either making markets or trading on behalf of clients. Magistrate Judge Stein recently issued a report and recommendation that agreed with our (Cohen Milstein & NWBO’s) position on the sufficiency of our allegations as to defendants’ manipulative conduct, scienter, and reliance, and concluded that only our loss causation allegations require more detail in an amended complaint. We await final orders from the district court judges in both cases.

Bullish
Bullish