Lunai Bioworks Files Amended RICO Complaint Expanding Naked Short-Selling Lawsuit; Names 10 Defendants, Including 3 FINRA Registered Broker Dealers, In Connection With An Alleged Coordinated Naked Short Selling Scheme That The Company Says Generated Failures To Deliver On More Than 81% Of Its Outstanding Shares
Amended Complaint Alleges 29.6 Million Failed to Deliver Shares and Single Day Trading Volume of 15.3 Times Shares Outstanding, Company Seeks Treble Damages Under Federal RICO StatuteWILMINGTON, Del. and SACRAMENTO,
Lunai Bioworks says some traders and brokers illegally sold shares they didn't actually have, which may have hurt the company's stock price. When you see a company file a big lawsuit like this, it's worth noticing—but lawsuits take a long time, and it doesn't tell you whether the company itself is doing well or poorly.
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