FingerMotion Files Federal Lawsuit Against Short Selling Research Firm
Portfolio Pulse from Benzinga Newsdesk
FingerMotion, Inc. (NASDAQ:FNGR) has filed a federal lawsuit against Capybara Research, alleging that the research firm published a defamatory article to manipulate FingerMotion's stock price for their own benefit. The lawsuit alleges securities fraud violations, defamation, and interference with business. FingerMotion had previously announced the retention of The Basile Law Firm P.C. to investigate recent activities surrounding the company's stock performance.
October 20, 2023 | 1:03 pm
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FingerMotion's lawsuit against Capybara Research could potentially impact the company's stock price. The lawsuit alleges that Capybara manipulated FingerMotion's stock price, which could lead to increased scrutiny and volatility.
The lawsuit filed by FingerMotion against Capybara Research alleges stock manipulation, which could lead to increased scrutiny of FingerMotion's stock and potential volatility. However, the outcome of the lawsuit and its potential impact on the stock price is uncertain at this time.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100