Capybara Research wrote and posted a “defamatory, inaccurate” report about Safety Shot Inc., a beverage maker in which it took a short position, and the financial news site Benzinga further disseminated it, Safety Shot says in a lawsuit.
Capybara’s report manipulated the market in violation of securities laws and improperly interfered with Safety Shot’s business, according to the complaint. The company, which says it makes a drink that reduces blood alcohol content, filed the suit Monday in the US District Court for the Southern District of New York.
Capybara and its alleged principal, Igor Appelboom, operate both its website ...
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