FingerMotion Provides Litigation Update On Short Selling Research Firm
Portfolio Pulse from Benzinga Newsdesk
FingerMotion, Inc. (FNGR) has filed a federal lawsuit against Capybara Research for posting damaging content and against Benzinga for republishing such reports. The company's attorneys have identified the individual behind Capybara and are taking legal steps. CEO Martin Shen emphasizes the commitment to pursue legal action against the short and distort campaign and media outlets spreading false information.
November 17, 2023 | 3:37 pm
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POSITIVE IMPACT
FingerMotion, Inc. is actively pursuing legal action against Capybara Research and Benzinga for disseminating harmful misinformation that affects its stock and investors.
The announcement of legal action against entities spreading negative information could be seen positively by investors, as it shows the company's proactive stance in protecting its reputation and could potentially mitigate the impact of the short and distort campaign. This may lead to a short-term positive impact on FNGR's stock price.
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