Christian Attar Files Market Manipulation Case On Behalf Of Quantum Biopharma Against CIBC World Markets, RBC Dominion Securities Inc., And Others; Quantum Biopharma Is Seeking In The Complaint, Among Other Forms Of Relief, At Least $700M In Damages To Compensate It For Its Alleged Losses
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Quantum Biopharma has filed a market manipulation lawsuit against CIBC World Markets, RBC Dominion Securities, and others, alleging stock price manipulation through 'spoofing'. The company seeks at least $700 million in damages.
October 28, 2024 | 3:29 pm
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Quantum Biopharma has filed a lawsuit alleging market manipulation by CIBC and RBC, claiming damages of at least $700 million due to 'spoofing' practices that depressed its stock price.
The lawsuit could lead to a positive short-term impact on Quantum Biopharma's stock price as investors may anticipate potential compensation or settlement. The legal action highlights the company's proactive stance in addressing alleged market manipulation, which could restore investor confidence.
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