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ImmunoCellular Therapeutics, Ltd. Message Board

  • welllookyhere2013 welllookyhere2013 Aug 20, 2013 7:25 AM Flag

    IMUC latest victim of lawsuit shopping

    Notice that Farouqi & Farouqi (whoever they are) are announcing an "investigation," not a lawsuit. Here's how the game works: sift through SEC filings looking for technical violations of the securities laws: announce an investigation, hoping to scare up an investor willing to act as lead plaintiff; commence a lawsuit, hoping to scare up more plaintiffs; restyle the lawsuit as a "class action"; negotiate a settlement in which the target company "admits" to a technical violation; collect lawyer's fees for what is in effect a nuisance claim. Don't believe this is happening? Take a look at F & F's recent notification of a settlement vs. NBS: total damages awarded to plaintiffs $0; total fees awarded to F & F: $500,000.

    If "IMUC tanks on this news," it will be because of the gross stupidity/naivete of people who can't read. Read their Press Release; better yet, read their notice of settlement re: NBS.

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