Sequenom VP Inflated Down Syndrome Test: SEC

Law360, New York (June 3, 2010, 4:21 PM EDT) -- The U.S. Securities and Exchange Commission has filed a lawsuit alleging a former executive of Sequenom Inc. falsely claimed that a prenatal test the company made could predict with 100 percent accuracy whether a fetus had Down syndrome, holding her responsible for the stock price plummet that occurred when data was revealed to be untrue.

In a complaint filed Wednesday in the U.S. District Court for the Southern District of California, the SEC accused former Sequenom Senior Vice President of Research and Development Elizabeth Dragon of...
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