Meta Materials Provides Naked Short Sales Investigational Update
DENVER, Colo., May 21, 2024 (247marketnews.com)- Meta Materials Inc. (NASDAQ:MMAT) provided an update on the short selling investigation.
META outlined, in June of 2023, its preliminary analysis of potential naked short selling and retained the law firms of Christian Attar and Warshaw Burstein
James “Wes” Christian, partner with Christian Attar, stated, “I believe META has an actionable case in connection with its MMAT/MMTLP claims. We look forward to working with the company.”
Jack Harding, META’s Board Chairman, “We needed all available data (unearthed by these esteemed securities law firms) at our disposal to delineate stock manipulation, and by which parties. We are now equipped with the necessary information to act and will be further sharing these findings with regulatory agencies. Simultaneously, we expect to file legal proceedings in the coming quarters against the responsible financial service firms.” META looks forward to releasing additional press releases as more information becomes available.
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