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Bullboard - Stock Discussion Forum IMV Inc IMVIF

Healthcare Biotechnology
IMV Inc. is a Canada-based company. The Company has no business operations.

GREY:IMVIF - Post Discussion

IMV Inc > Armistice and Vaxart
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Post by Breakthorough1 on Aug 01, 2023 12:27pm

Armistice and Vaxart

"Shareholders of Covid-19 vaccine developer Vaxart Inc. adequately stated insider trading and scheme participation claims against Armistice Capital LLC, a hedge fund linked to Vaxart, a federal court ruled.

“Accepting the allegations in the complaint as true, the Armistice Defendants did not merely trade on material nonpublic information; they participated in an intentional scheme to manipulate the price of Vaxart shares for the purpose of selling them at an artificially inflated price,” Judge Vince Chhabria said Thursday for the US District Court for the Northern District of California.




https://news.bloomberglaw.com/securities-law/hedge-fund-armistice-must-face-vaxart-insider-trading-claims
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