COVID 'Cure' Claims Can't Sustain Fraud Suit, 9th Circ. Rules
By Jessica Corso ( March 25, 2024, 10:18 PM EDT) -- A biopharmaceutical company's "enthusiastic" statements to Fox News and others about a potential COVID-19 cure do not amount to fraud and cannot sustain a shareholder lawsuit accusing the company and its top executives of deceiving the market by pretending that a breakthrough was much more consequential than it actually was, the Ninth Circuit ruled on Monday....
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