If BLA provides an appropriate rebuttal that successfully refutes the majority of acquisitions expressed within the research, I think both Gadens and Piper Alderman are potentially exposed to regulatory fines, due to the heavy promotion of a register for class action participants prematurely (before the company has the ability to respond to the market in a reasonable and timely manner). Both companies have used Google AdWords keywords extensively to promote their bid for a class action - This could be misconstrued as misleading investors unnecessarily, thus aiding the shorters and to market manipulation.
BLA Price at posting:
$10.40 Sentiment: Hold Disclosure: Not Held
