PreveCeutical Medical (TSE:PREV) has released an update.
PreveCeutical Medical Inc. has initiated litigation against its former legal counsel for alleged negligence related to legal advice on a prior private placement, which led to a now-dismissed Notice of Hearing by the British Columbia Securities Commission. The company, along with other plaintiffs, is seeking damages for reputational harm, financial losses, and legal expenses incurred. The outcome of the lawsuit and potential damages remain uncertain due to the unpredictable nature of legal proceedings.
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