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...

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