Enochian Biosciences Inc. executives and board members failed to disclose the drug-development company co-founder’s criminal history before stock prices sank on recent news that he was arrested for participating in the slaying of a man who accused him of fraud, according to a suit filed in federal court in California.
Enochian and the executives and directors also misrepresented that Serhat Gumrukcu was a doctor and called him the genius inventor of the technology and science behind the company’s product pipeline, shareholder Albert Chow says in the complaint, filed Tuesday.
The company’s touted products in development include pharmaceutical and biological treatments ...
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