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Spectrum Pharmaceuticals, Inc. Message Board

  • frank483r frank483r Mar 15, 2013 12:14 AM Flag

    U.S. District Court Nevada: "Defendants are liable for making false statements, failing to disclose facts, inflated stock price, fraud....."

    This is getting serious guys. The class action complaint is VERY strong. I'll give you the highlights:

    1) The claims are asserted against Spectrum and certain of its officers/directors who made materially false and misleading statements
    2) Defendants (Spectrum, CEO, Brett Scott, Ken Keller)violated federal securities laws
    3)Stock price artificially inflated
    common stock
    4) Defendants sold over 8.85 Million worth of their own Spectrum stock at artificially inflated prices
    5) Defendants are liable for making false statements, failing to disclose adverse facts known to them
    6) Defendants fraudulent scheme and course of business that operated as a fraud or deceit on purchasers of Spectrum

    Sentiment: Strong Sell

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