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Cellcyte Genetics Corporation Summary: The class-action lawsuit against CellCyte for alleges violations of securities laws. According to the complaint CellCyte executives and business partners misled investors by publishing false information about the history and experience of the company’s chief executive officer.
The lawsuit alleges that company shares were traded at artificially inflated prices due to the company’s activities.
The company’s chief executive officer’s education and professional credentials were called into question after published news reports called out alleged discrepancies relating to his finance degree from the University of Washington, a CPA designation, ties to the Washington Society of Certified Public Accountants and a strong track record within the pharmaceutical industry. Soon after these reports company stock plummeted 55 percent.
INDUSTRY CLASSIFICATION:
SIC Code: 2834
Sector: Healthcare
Industry: Biotechnology & Drugs
| COMPANY/ISSUER NAME: | Cellcyte Genetics Corporation |
| COMPANY/ISSUER TICKER: | CCYG |
| COMPANY WEBSITE: | http://www.cellcyte.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Lance Armbruster, et al. v. Cellcyte Genetics Corporation, et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint for Violations of the Federal Securities Laws - Jury Trial Demanded | |||
| Type: Complaint | Date on the document: 01/14/2008 | ||
| OTHER DOCUMENTS | |||
| Class Action Complaint for Violation of the Federal Securities Laws - Demand for Jury Trial | |||
| Case Name and/or Number: Dominic J. Tolerico, et al. v. Cellcyte Genetics Corporation, et al. | |||
| Type: Complaint | Date on the document: 02/01/2008 | ||
| Class Action Complaint for Violations of the Federal Securities Laws - Jury Trial Demanded | |||
| Case Name and/or Number: Joe M. Pruitt, et al. v. Cellcyte Genetics Corporation, et al. | |||
| Type: Complaint | Date on the document: 02/01/2008 | ||
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