Dow Jones Business News
Genemax Corp Sues Firms, Alleges Short Sales
Thursday October 3, 3:35 pm ET
BLAINE, Wash. -(Dow Jones)- Genemax Corp. (GMXX) filed a lawsuit against various broker-dealers, market makers and clearing agents alleging short selling of Genemax's securities.
In a press release Thursday, Genemax said it's seeking "substantial" damages and wants an injunction against Charles Schwab Corp. (NYSE:SCH - News) , Knight Trading Group Inc.'s Knight Securities L.P. unit and other defendants.
A Charles Schwab spokesman said his firm had no comment on the suit.
The complaint, which also alleges fraud, negligence and violation of securities laws, was filed in the U.S. District Court for the District of Nevada.
The other defendants are Herzog Heine Geguld Inc. , Wm. V. Frankel & Co., ICLearnings LLC, Hill Thompson Magic L.P., VFinance Investment Inc., Ameritrade Clear, Yorktown Securities, Black Corps. 1-100 and DOES 1-100.
GeneMax is a biotechnology company whose shares trade on the over-the-counter Bulletin Board.
-Eamon Beltran; Dow Jones Newswires; 201-938-5400 |
