
Kewaunee Scientific Corporation (KEQU)
Whether directors and officers of Kewaunee Scientific Corporation (KEQU) breached their fiduciary duties to the company and its shareholders.
Investigation
03/17/2021
Initial Lawsuit
03/17/2021
Lawsuit Progression
08/19/2021
Investigation regarding CytoDyn’s aggressive hype of Leronlimab as a Covid-19 treatment.
08/26/2020
The Wall Street Journal reports on Operation Warp Speed, CytoDyn and the hype around Leronlimab causing its stock price to rocket.
Stock Impact
Close | Previous close | Price variation | Percentage variation |
---|---|---|---|
$3.47 | $3.81 | $-0.34 | -8.92% |
This is a federal securities action on behalf of a class consisting of all persons who purchased or otherwise acquired CytoDyn common stock between March 27, 2020, and March 9, 2021, inclusive.
According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants allegedly failed to disclose to investors that:
(i) deceive the investing public, including Plaintiff and other Class members, as alleged herein;
(ii) artificially inflate and maintain the market price of CytoDyn securities;
(iii) cause Plaintiff and other members of the Class to purchase or otherwise acquire CytoDyn securities at artificially inflated prices.
08/19/2021
The court issued an order appointing the lead plaintiff and lead counsel.
12/21/2021
Plaintiffs bring this action on behalf of themselves and as a class action, pursuant to Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure, on behalf of a class consisting of all persons and entities that purchased or otherwise acquired the publicly traded CytoDyn stock between March 27, 2020, and May 17, 2021, and were damaged thereby.
Operative complaint
Whether directors and officers of Kewaunee Scientific Corporation (KEQU) breached their fiduciary duties to the company and its shareholders.
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