A NantHealth investor filed suit in federal court this week against Dr. Patrick Soon-Shiong and his health technology company, alleging violations of federal securities laws. The lawsuit follows the publication of a STAT investigation that showed how the biotech billionaire used a philanthropic donation to steer business back to his company.
The suit was filed on behalf of a single investor; the complaint indicated that the legal team may ask a judge to expand it to a class action if additional investors come forward.
Let’s see, Rebecca is reporting that a single investor has filed lawsuit against NH based on her STAT article? Would any real newspaper report this? Never. Shareholder lawsuits are filed all the time and never amount to anything. Why would any newspaper report on a single investor filing a shareholder lawsuit against a company? Would she write an article if I filed a meaningless lawsuit against her? These are the tactics of a pure smear campaign, not journalism.
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