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Securities and Exchange Commission v. Schena
Case Number:
5:20-cv-06717
Court:
Nature of Suit:
Judge:
Firms
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February 11, 2021
Calif. Biotech Firm Settles SEC's COVID-19 Blood Test Claims
A California biotech company and its CEO have agreed to settle a U.S. Securities and Exchange Commission suit alleging that they lied to investors about the development of a blood test for the coronavirus.
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September 25, 2020
SEC Says Biotech Boss Conned Investors Over COVID-19 Test
The U.S. Securities and Exchange Commission filed suit in California federal court Friday against a top executive of biotechnology company Arrayit Corp. who it says conned investors into believing the company had developed a COVID-19 test and misled them about the status of financial reports.