A new PIPE lawsuit challenges the fairness of sharing confidential, stock-moving information

Author’s note: On Thursday, April 11, the plaintiff who filed the shareholder lawsuit against Taysha Gene Therapies withdrew the suit “without prejudice,” according to an updated filing with Delaware’s Chancery court. No other details were provided.

I regret being caught unaware of the suit’s dismissal prior to publishing the article below. The fairness of PIPEs, particularly the preferential sharing of confidential, stock-moving information, remains an unsettled question, but for now, it’s not one that’s being adjudicated in a court case at this time.

The fairness of PIPEs, particularly the preferential sharing of confidential, stock-moving information, is now a legal question.

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