On Sept. 27, the Washington Post published a column attacking the integrity of TheStreet's biotech coverage and reporter, Adam Feuerstein. TheStreet has requested a retraction. Below is our letter to the Post's editor:
To the editor,
In Northwest Biotherapeutics Stock Woes Highlight the Harm of Short Sales, Steven Pearlstein insinuates that one of TheStreet's veteran reporters is conspiring with "Wall Street wise guys to use sleazy tactics to manipulate share prices for short-term profit." Mr. Pearlstein thus plainly and falsely implies that our reporter is guilty of securities fraud. Yet he intentionally fails to mention any of the information we provided him or otherwise available to him before the story was published that would have caused a reasonable reader to doubt his damning article. You should immediately retract this defamatory story.
Five days before the story ran, Mr. Pearlstein contacted TheStreet to provide a "heads up" that he was writing about our reporter Adam Feuerstein's purportedly "very hostile" campaign against Northwest Biotherapeutics ( (NWBO) ), a biotech company that Mr. Feuerstein has long covered for TheStreet. Mr. Pearlstein -- who said he knew nothing about biotech or medicine and that he already had spoken extensively to NWBO -- asked whether Mr. Feuerstein was "working with the shorts" to drive down NWBO's stock price, whether it was true (as NWBO's executives had told him) that Mr. Feuerstein had not contacted NWBO for comment in the last seven years, and noted that an advocacy group, which he did not identify, had written a letter to the SEC that criticized Mr. Feuerstein's coverage of NWBO.