Federal Judge: No Class Certification In COVID Shot Stock Loss Dispute

(July 8, 2024, 1:47 PM EDT) -- SAN FRANCISCO — A California federal judge denied a motion for class certification in a securities dispute brought by investors who claim that a biotechnology company, a hedge fund that backed it and others issued false statements about a COVID-19 vaccine in a massive stock pump-and-dump scheme, saying that both the investors and the hedge fund failed to grapple with the unique issues the case presents....

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