A New York federal judge declined to impose sanctions against a Manhattan law firm that pursued a failed fraud case against Beverly, Massachusetts-based Cellceutix based in part on negative blog posts written by an anonymous short-seller.
The ruling, issued on Wednesday, found that the case filed by The Rosen Law Firm on behalf of a Cellceutix (OTC: CTIX) investor did not qualify as “abusive litigation.”
The complaint was filed in September 2015, about one month after the investor website Seeking…
A New York federal judge declined to impose sanctions against a Manhattan law firm that pursued a failed fraud case against Beverly, Massachusetts-based Cellceutix based in part on negative blog posts written by an anonymous short-seller.
The ruling, issued on Wednesday, found that the case filed by The Rosen Law Firm on behalf of a Cellceutix (OTC: CTIX) investor did not qualify as “abusive litigation.”
The complaint was filed in September 2015, about one month after the investor website Seeking…