Federal investigation of Galena Biopharma reaches subpoena stage

| Print |  Email
Must Reads
Friday, May 16, 2014

The SEC is looking into whether the Lake Oswego biotech firm violated securities fraud of shareholder protection laws.

At issue: a marketing campaign funded by Galena that included stock analysis articles purportedly by individual investors who may have received payment for their work. Federal shareholder protection laws call for anyone being paid to promote a stock to disclose it.

The SEC subpoena, or legal demand, of Lion Biotechnologies -- reported by online stock columnist Adam Feuerstein of The Street -- was disclosed in a recent filing by Lion. As for why Lion received the demand, Feuerstein speculates that Lion used the same promotional firm, and also shares a board member with Galena.

Read more at OregonLive.com

 

More Articles

Reader Input: Fair Play

May 2015
Wednesday, July 15, 2015

Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.


Read more...

5 things to know about veterans in the workforce

The Latest
Wednesday, July 01, 2015
070215-vetsthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

There are more than 10 million former military members working in the United States.


Read more...

Loose Talk

July/August 2015
Friday, July 10, 2015
BY AMY MILSHTEIN

When gossip crosses the line.


Read more...

Stemming the tide of money in politics

Linda Baker
Wednesday, June 10, 2015
 jeff-lang-2012-thumbBY LINDA BAKER

Jeff Lang and his wife Rae used to dole out campaign checks like candy.  “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”


Read more...

Best Foot Forward

July/August 2015
Monday, July 13, 2015
BY CHRIS NOBLE

Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.


Read more...

Portland’s long-distance bike commuters

The Latest
Monday, August 03, 2015
Matt KellyresizethumbBY KIM MOORE | RESEARCH EDITOR

Pushing the extreme.


Read more...

Storyteller in Chief: Natural Prophets

July/August 2015
Monday, July 13, 2015
BY SAM BLACKMAN

Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS