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Armistice Capital Cleared In Vaxart Class Action

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A California federal jury cleared Armistice Capital and two executives of class action claims on Tuesday. The lawsuit alleged the firm engaged in a pump-and-dump scheme involving $250 million of Vaxart stock during the COVID-19 pandemic.

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lawsuit securities pharmaceuticals

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Sources · 7 independent

Bluesky Social

“A California federal jury on Tuesday cleared Armistice Capital and two of its executives on class action claims it pumped and dumped $250 million in Vaxart stock during the COVID-19 pandemic”

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