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MCDERMID v. INOVIO PHARMACEUTICALS, INC.

CIVIL ACTION NO. 20-01402.

520 F.Supp.3d 652 (2021)

Patrick MCDERMID, individually and on behalf of all others similarly situated, Plaintiff, v. INOVIO PHARMACEUTICALS, INC., et al., Defendants.

United States District Court, E.D. Pennsylvania.

Filed February 16, 2021.

Attorney(s) appearing for the Case

Michael C. Dell'Angelo, Shanon J. Carson, Berger Montague PC, Philadelphia, PA, Jacob A. Goldberg, The Rosen Law Firm, Jenkintown, PA, Mark S. Goldman, Goldman Scarlato & Penny PC, Conshohocken, PA, for Plaintiff Patrick McDermid.

Lawrence F. Stengel, Saxton Stump, Lancaster, PA, for Plaintiff Andrew Zenoff.

Craig E. Tenbroeck, Heather Speers, Koji F. Fukumura, Peter M. Adams, Cooley LLP, San Diego, CA, Luke T. Cadigan, Cooley LLP, Boston, MA, Patrick J. Loftus, Matthew S. Decker, Duane Morris LLP, Philadelphia, PA, for Defendants Inovio Pharmaceuticals, Inc., J. Joseph Kim.

Heather Speers, Koji F. Fukumura, Cooley LLP, San Diego, CA, Luke T. Cadigan, Cooley LLP, Boston, MA, Matthew S. Decker, Patrick J. Loftus, Duane Morris LLP, Philadelphia, PA, for Defendants Peter D. Kies, Robert Juba.

MEMORANDUM

A putative class of shareholders allege Inovio Pharmaceuticals, Inc. and three individual Defendants made false or misleading statements about Inovio's COVID-19 vaccine in violation of the Securities Exchange Act of 1934 and SEC Rule 10b-5. Defendants move to dismiss all claims in the Amended...

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