September 11, 2017 – Bragar Eagel & Squire, P.C. announces that U.S. District Judge Michael W. Fitzgerald of the United States District Court for the Central District of California denied NantKwest’s motion to dismiss in Sudunagunta v. NantKwest, Inc., Case No. 16-cv-01947-MWF-JEM. The lawsuit seeks to recover damages associated with NantKwest’s alleged false and misleading statements and omissions regarding its financial statements and executive compensation. Bragar Eagel & Squire will continue to dedicate its efforts towards the successful prosecution of this lawsuit.
For additional information, please contact Brandon Walker, Esq. at (212) 308-5858.