Former Legal professional Common of Louisiana, Charles C. Foti, Jr., Esq., a companion on the legislation agency of Kahn Swick & Foti, LLC (“KSF”), proclaims that KSF continues its investigation into Inovio Prescribed drugs Inc. (NasdaqGS: INO).
On March 9, 2020 Citron Analysis revealed an announcement highlighting the Firm’s “ludicrous and harmful declare that they designed a [COVID-19] vaccine in three hours” and calling for an SEC investigation into the claims. That very same day, the Firm disclosed that its purported COVID-19 vaccine, which had been developed “inside three hours,” was not a fully-fledged vaccine in any respect, however merely a assemble for a vaccine.
Thereafter, the Firm and sure of its executives had been sued in a securities class motion lawsuit, charging them with failing to reveal materials info through the Class Interval, violating federal securities legal guidelines. Just lately, the court docket in that case denied the Firm’s movement to dismiss partly, permitting the case to maneuver ahead.
KSF’s investigation is specializing in whether or not Inovio’s officers and/or administrators breached their fiduciary duties to Inovio’s shareholders or in any other case violated state or federal legal guidelines.
In case you have info that might help KSF in its investigation, or have been a long-term holder of Inovio shares and want to talk about your authorized rights, it’s possible you’ll, with out obligation or value to you, name toll-free at 1-877-515-1850 or electronic mail KSF Managing Associate Lewis Kahn (firstname.lastname@example.org), or go to https://www.ksfcounsel.com/cases/nasdaqgs-ino/ to be taught extra.
About Kahn Swick & Foti, LLC
KSF, whose companions embody former Louisiana Legal professional Common Charles C. Foti, Jr., is among the nation’s premier boutique securities litigation legislation companies. KSF serves quite a lot of shoppers – together with public institutional traders, hedge funds, cash managers and retail traders – in searching for to get well funding losses because of company fraud and malfeasance by publicly traded firms. KSF has workplaces in New York, California and Louisiana.
To be taught extra about KSF, it’s possible you’ll go to www.ksfcounsel.com.
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Kahn Swick & Foti, LLC
Lewis Kahn, Managing Associate