Replies to post #137727 on Avid Bioservices Inc (CDMO)

[Bungler]

Sec. 20(a) of the SEC Act confers liability on those who direct others to commit violations of the Exchange Act. Class action plaintiff failed to allege any primary violation of the Act under Sec. 10(b) therefore there can be no violation of 20(a). 20(a) was asserted against the individual defendants - it has nothing to do with CSM or the CSM lawsuit. There is no link to the opinion, it is publicly available to paid users of PACER.