GameStop Short Seller And Citron Founder Andrew Left Pleads Not Guilty To Fraud Charges
Portfolio Pulse from Benzinga Neuro
Andrew Left, a well-known short-seller of GameStop Corp (NYSE:GME), has pleaded not guilty to fraud charges in a Los Angeles federal court. The charges include market manipulation and providing false information to investigators. Left's trial is scheduled for Sept. 24, and he is currently restricted from making financial transactions exceeding $100,000 without special permission.
July 30, 2024 | 2:49 am
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Andrew Left, a prominent short-seller of GameStop Corp (NYSE:GME), has pleaded not guilty to fraud charges. This legal battle could impact GME's stock price due to the high-profile nature of the case and Left's influence in the market.
Andrew Left's legal troubles could lead to increased scrutiny and volatility in GME's stock price. However, the direct impact on GME's fundamentals is limited, making the short-term price direction neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80