For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Civil Litigation

Aug. 2, 2022

Bioscience firm lied about founders’ credentials, shareholder lawsuit says

Co-founder and inventor Serhat Gumrukcu was also involved in several criminal activities including a murder-for-hire plot, according to the complaint filed in federal court in Santa Ana.

Shareholders are alleging Enochian Biosciences Inc. lied to investors who spent over $30 million to acquire the company under false pretenses and that made its stock tank.

The potential class claims the co-founder was promoted as a “genius” although he didn’t have any higher education degrees and was involved in several criminal activities including a murder-for-hire plot, according to a shareholder securities lawsuit filed Thursday in fed...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.