Haeggquist & Eck Investigates NantKwest for Misrepresenting Compensation to CEO by $49 Million and Breach of Fiduciary Duty
NANTKWEST (NK)
Last nantkwest earnings: 3/25 04:09 pm
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US:NASDAQ Investor Relations:
ir.nantkwest.com
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Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)-- Haeggquist & Eck, LLP, a shareholder rights litigation firm, has launched an investigation into possible breaches of fiduciary duty and other violations of state law by certain members of NantKwest Inc.’s (NASDAQ: NK) board of directors. NantKwest is a San Diego-based cancer immunotherapy company that focuses on attempting to harness “natural killer” cells generated by the body’s immune system to treat cancer, infectious diseases, and inflammatory diseases. NantKwest’s stock price plummeted over 74% since the company’s July 28, 2015 IPO, making it the second worst performing biotechnology or pharmaceutical company that went public in 2015. Nonetheless, NantKwest paid its CEO Patrick Soon-Shiong more in compensation than all other executives tracked by Bloomberg in 2015 -- in fact, over $150 million more than the CEOs of even the largest most successful technology compani
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