Lawyers at two top firms concealed information that could have sidetracked a $500 million biotech deal, according to claims in a whistleblower complaint filed with the Securities and Exchange Commission.
The complaint and two related lawsuits in California revolve around accusations by Joel Cohen, a screenwriter best known for his work on “Toy Story,” that Sofie Biosciences Inc. bilked him and his wife out of at least $38 million. They allege that Sofie deliberately undervalued assets acquired in an earlier deal that they helped finance to reduce the number of preferred shares they were issued – which then watered down ...
As organizations navigate the evolving DEI landscape under Executive Order 14173, the stakes have never been higher. Because federal-funding recipients must now certify that they do not engage in “...