SEC Fraud Suit Against Battery Co. Survives Dismissal Bid
By Katryna Perera ( September 6, 2024, 7:05 PM EDT) -- A California federal judge has rejected battery developer NDB Inc.'s motion to dismiss a U.S. Securities and Exchange Commission suit alleging the company and its CEO misled investors about the prospects of so-called nano-diamond battery technology, saying the SEC sufficiently pled that the defendants were the "maker" of statements that were materially misleading to investors....
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