1Globe's motion for preliminary injunction denied by U.S. District Court of Massachusetts

|By:, SA News Editor

Sinovac Biotech (NASDAQ:SVAannounces that the United States District Court of Massachusetts denied 1Globe Capital LLC's August 2018 motion for a preliminary injunction seeking to enjoin Sinovac from issuing common shares.

The Court found, among other things, that 1Globe failed to demonstrate that it has a reasonable likelihood of success on the merits of its direct and derivative federal securities law claims challenging the PIPE transaction because it lacked standing to bring those claims.

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