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LERNER v. SINOVAC BIOTECH LTD.

Civil Action No. 22-12063-NMG.

691 F.Supp.3d 326 (2023)

Michael S. LERNER, Plaintiff, v. SINOVAC BIOTECH LTD. et al., Defendants.

United States District Court, D. Massachusetts.

Signed September 13, 2023.

Attorney(s) appearing for the Case

Eric L. Zagar, Pro Hac Vice, Geoffrey Jarvis, Teddy Starling, Kessler Topaz Meltzer & Check, LLP, Radnor, PA, Stephen Ryan, Jr., Beaton & Peterson PLLC, Shrewsbury, MA, for Plaintiff.

Eric F. Leon, Jason C. Hegt, Jooyoung Yeu, Pro Hac Vice, Latham & Watkins LLP, New York, NY, William J. Trach, Latham & Watkins LLP, Boston, MA, for Defendant Sinovac Biotech Ltd.

MEMORANDUM & ORDER

This action arises out of a public investment in a private equity transaction ("the PIPE transaction") in which nearly 12 million new shares of stock of Sinovac Biotech Ltd. ("Sinovac" or "defendant") were allegedly issued and sold below market price to two private investors...

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