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 ...
Banking stocks across the globe sold off on Friday, as fears about bad U.S. loans spilled over into equity markets beyond the United States. U.S. stock markets were rattled on Thursday amid mounti...