Battery Developer Says 'Vague' Statements Aren't Fraud
By Emilie Ruscoe ( December 12, 2023, 5:17 PM EST) -- Battery developer NDB Inc. has asked a San Francisco federal judge to toss a securities fraud action brought by the U.S. Securities and Exchange Commission, arguing that it "clearly and unambiguously communicated" that it didn't have a working prototype among its prospective product offerings as it raised investor funds of about $1.2 million....
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