MabVax Brass Slip Suit By Alleged Pump-And-Dump Investor

By Rick Archer (October 7, 2021, 2:34 PM EDT) -- A New York federal judge has dismissed claims by an alleged pump-and-dump scheme mastermind that former top executives at biotech company MabVax Therapeutics hid information to dupe investors out of millions as the company headed for bankruptcy.

In an order issued Wednesday, U.S. District Judge Alvin Hellerstein dismissed suits filed by Barry Honig and a second investor against MabVax's former CEO and chief financial officer, finding the defendants did not hide that the U.S. Securities and Exchange Commission was investigating both MabVax and Honig and that the investors failed to show they lost money due to alleged lack of disclosure about...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!