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FURLONG FUND LLC v. VBI VACCINES, INC.

No. 14-Cv-9435 (SHS).

FURLONG FUND LLC on behalf of itself and all others similarly situated, Plaintiff, v. VBI VACCINES, INC. formerly known as Paulson Capital (Delaware) Corp. formerly known as Paulson Capital Corp., CHESTER L.F. PAULSON, CHARLES L.F. PAULSON, PAUL F. SHOEN, DR. SHANNON PRATT, and TRENT DAVIS, Defendants.

United States District Court, S.D. New York.

March 25, 2016.

Attorney(s) appearing for the Case

Furlong Fund LLC, Lead Plaintiff, represented by Peter B. Andrews , Andrews & Springer LLC, Benjamin Yehuda Kaufman , Wolf Haldenstein Adler Freeman & Herz LLP & Gregory Mark Nespole , Wolf Haldenstein Adler Freeman & Herz LLP.

VBI Vaccines, Inc., Defendant, represented by David B. Gordon , Mitchell Silberberg & Knupp LLP.

Chester L.F. Paulson, Defendant, represented by Ashley Robert Altschuler , Weil, Gotshal & Manges LLP.

Charles L.F. Paulson, Defendant, represented by Ashley Robert Altschuler , Weil, Gotshal & Manges LLP.

Paul F. Shoen, Defendant, represented by Ashley Robert Altschuler , Weil, Gotshal & Manges LLP.

Dr. Shannon Pratt, Defendant, represented by Ashley Robert Altschuler , Weil, Gotshal & Manges LLP.

OPINION & ORDER

This securities class action seeks to recover alleged losses from a liquidating trust established by Paulson Capital Corp. ("PCC"), now known as VBI Vaccines, Inc. ("VBI"). Plaintiff Furlong Fund LLC asserts, on behalf of itself and similarly situated PCC shareholders...

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