So much more we would like to have added, but couldn't fit in a Motion to Dismiss with a 20-page limit. For more background see Fr. Emmanuel's September 12, 2018 release regarding the SEC action here.
...more than 40% and more than $111 per share in October 2018 alone"
Motion to Dismiss In reference to Ligand's recent share price plummeting
Motion to Dismiss, October 25, 2018
Ligand is only one market correction away from collapse which will leave investors and employees defenseless."
Fr. Emmanuel Lemelson, July 18, 2018
Letter to Congress
DEFENDANTS’ MEMORANDUM OF L... by on Scribd
On July 27, 2018 Ligand was sued for $3.8 billion by investors in eight bond funds, including Citadel, this followed multiple class-action lawsuits, alleging securities fraud, filed against Ligand beginning in 2016.
On July 17, 2018, Fr. Emmanuel released a letter he provided members of The U.S. House Committee on Oversight and Government Reform, The U.S. Senate Special Committee on Aging and the SEC Office of the Inspector General, further outlining extensive alleged abuses of accounting, pharmaceutical reimbursement and classification guidelines and regulations by Ligand Pharmaceuticals. In the letter, Lemelson urged the Committees in both the House and the Senate to commence an investigation into these alleged abuses, as well as the Securities and Exchange Commission’s (SEC) failure to stop them.
Lemelson's full July 17, 2018 letter to Congress is available online here
His December 2016 letter to the U.S. Senate Special Committee on Aging, regarding the company, is available online here
 The lawsuits made substantially the same claims as The Lemelson Capital Management, LLC 2014 reports.
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