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

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Corner Office: Steve Tatone

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits about the president and CEO of AKT Group.


Read more...

Behind the curtain: What students should know about accreditation and rankings

Contributed Blogs
Thursday, December 04, 2014
120414-edurating-thumbBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

The Bookseller

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

The short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


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