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SECURITIES FRAUD LAWSUIT: BIOPHARMACEUTICAL FOUNDER ACCUSED OF MISLEADING INVESTORS

Read about a recent securities fraud lawsuit where a biopharmaceutical founder is accused of intentionally misleading investors about the profitability of their flagship pain product. Learn about the legal risks involved in selling stock and the importance of honesty in

Posted in federal securities fraud, scienter, stock purchase agreement, tying fraud to economic loss Tagged with: , , , , , , , , , , , , , , ,

Seller of target receiving privately held buyer stock failed to allege facts that established that buyer’s alleged fraud caused seller’s economic loss

Target is a Dallas based technology-consulting limited liability company and was owned by Sellers. Buyer is a technology services company then based in Jacksonville, Florida, and then owned by Buyer’s Owners. Buyer is privately held and not publicly traded. In

Posted in buyer's stock as currency, federal securities fraud, financial representation and warranty, purchase price, representations and warranties, stock purchase agreement, tying fraud to economic loss

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