Kauri Capital

➡️Citadel is very interested in Joshua Mitts The Case: Northwest Biotherapeutics, Inc v. Canaccord Genuity LLC, 1:22-cv-10185, (S.D.N.Y.) The Docket: courtlistener.com/docket/6657959… In a May 1st filing in the above referenced spoofing case $NWBO asks the court for a protective order relieving Mr. Mitts from compliance with a subpoena. Mr. Mitts is $NWBO's non-testifying consulting expert and its attorney. $NWBO claims Citadel is harassing Mr. Mitts and attempting to drive up litigation costs over an improper subpoena. The subpoena asks for Mr. Mitts to turn over "troves of privileged information" which $NWBO claims is protected from disclosure. Who Is Joshua Mitts? CV: law.columbia.edu/sites/default/… Mr. Mitts and $NWBO executed a formal engagement letter on August 29, 2022. Mr. Mitts resume states, in relevant part: "...advises on the analysis of trading data in connection with high-frequency market manipulation and securities violations. He has extensive experience supporting the U.S. Department of Justice." It's no wonder why Citadel is trying to obtain Mr. Mitts communications.

NWBO Spoofing Lawsuit - A Curious Defense Attorney Addition $NWBO The Case: Northwest Biotherapeutics, Inc v. Canaccord Genuity LLC, 1:22-cv-10185, (S.D.N.Y.) In today's filing attorney Rushmi Bhaskaran entered her appearance for Defendant G1 Execution Services LLC in $NWBO's civil spoofing lawsuit. It's interesting that G1 would bring in someone with experience on the criminal side while $NWBO's case is in civil courts. It makes you wonder what has been uncovered in discovery where Defendants felt the need to bring in this attorney at this particular stage of litigation. "Former Assistant U.S. Attorney for the Southern District of New York Rushmi Bhaskaran—who has more than 15 years of experience handling sophisticated white collar fraud and cybercrime matters—has joined Ballard Spahr’s Litigation Department and White Collar Defense and Investigations Group as partner, firm Chair Peter Michaud announced today. Rushmi is resident in the firm’s New York office." ballardspahr.com/insights/news/… "Former Southern District of New York Assistant U.S. Attorney Rushmi Bhaskaran has joined Ballard Spahr’s Litigation Department, White Collar Defense and Investigations Group, and New York office. Rushmi has investigated and prosecuted white collar criminal cases involving bank fraud, mail and wire fraud, health care fraud, securities fraud, criminal tax violations, computer crimes, money laundering, false statements, sanctions violations, and violations of the Bank Secrecy Act." bizjournals.com/newyork/potmse…

NWBO Spoofing Lawsuit - Joint Status Report $NWBO The Case: Northwest Biotherapeutics, Inc v. Canaccord Genuity LLC, 1:22-cv-10185, (S.D.N.Y.) The Docket: courtlistener.com/docket/6657959… On May 4th the parties in the above action submitted a joint status report advising the Court as to the status of discovery. Both the Defendants and NWBO submitted their own updates within the same letter. The status report contains the typical back and forth bickering. ➡️Defendants state that they are nearly complete with discovery “Defendants’ productions are complete or substantially complete.” ➡️Defendants point the finger at $NWBO for failing to agree on search terms “As of the date of this filing, NWBO has still refused to provide string-by-string hit counts for the terms Defendants proposed in February (even though NWBO confirmed it has run them).” ➡️Defendants object to $NWBO’s 150-day extension request “NWBO had agreed to produce documents responsive to several categories of Defendants’ RFPs in September 2025. Ex. A at 23. Eight months later, it has not done so—and nothing in NWBO’s request for an additional 150 days explains how more time would cure what NWBO has made no effort to accomplish.” ➡️Third-Party Discovery "On May 1, 2026, NWBO filed a letter motion seeking a protective order regarding a subpoena that Citadel Securities served on Joshua Mitts in September 2025." ➡️$NWBO points the finger at Defendants for the discovery delays “The current discovery schedule has been strained by Defendants’ repeated, prolonged, and dilatory discovery disputes.” “The Parties have continued to negotiate and work through numerous discovery issues. But discovery has been mired in disputes largely occasioned or prolonged by Defendants’ conduct.” ➡️$NWBO points at the Defendants’ meager productions to date "Meanwhile, even though NWBO has produced 3,466 documents, no Defendant has produced more than 350 documents. Despite this, Defendants have harassed NWBO with frivolous discovery requests requiring unnecessary burden and expense to contest. NWBO addresses these requests in further detail its motion to extend the case management schedule, which will be filed today." “Moreover, Defendants have limited their data productions to specific days in the relevant period, with some producing only the minutes surrounding the events alleged in the complaint. Additionally, there are inconsistencies between Defendants’ trading data, suggesting curated and incomplete productions.” ➡️My takeaway Citadel, et. al, is attempting to produce minimal documents while running out the discovery clock. $NWBO needs to pick up the pace so they get the documents that are needed. The Court's ruling on $NWBO's 150-day discovery extension along with $NWBO's protective order for Joshua Mitts will be important decisions by the Court.