Safety Shot Authorized To Serve Notice Of Action Against Capybara Research And Igor Appelboom By Public Disclosure And Press Release Pursuant To Court Order
Portfolio Pulse from Benzinga Newsdesk
Safety Shot, Inc. (NASDAQ:SHOT) has filed a lawsuit against Capybara Research and Igor Appelboom for publishing defamatory articles that allegedly caused a 37.03% drop in SHOT's share price. The company accuses Capybara and Appelboom of short selling and benefiting from the resulting decline in stock price. After evasive actions by the defendants, a court order now allows SHOT to serve notice of action through public disclosure and press release.
January 16, 2024 | 9:28 pm
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Safety Shot, Inc. is taking legal action against Capybara Research and Igor Appelboom for defamation and manipulation of its stock price. The lawsuit follows a significant drop in SHOT's share price, which the company attributes to a defamatory article published by the defendants.
The lawsuit indicates that Safety Shot, Inc. is actively defending its reputation and seeking justice for the alleged stock manipulation. This could potentially restore investor confidence and lead to a short-term positive impact on SHOT's stock price as the market reacts to the company's assertive legal stance.
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