FingerMotion adding Benzinga to lawsuit related to short seller’s report

FingerMotion provided a litigation update to the market regarding its newly filed lawsuit against Capybara Research, stating: “On October 19, 2023, FingerMotion filed a federal lawsuit in the United States District Court for the Southern District of New York against Capybara, a firm recently created and that enjoyed anonymity through various social media postings without any trail as to ownership while antagonizing our retail investment community by posting lewd and unprofessional graphics, intended to further embarrass the Company. After weeks of investigatory work by the Company’s litigation counsel as well as cooperation of third parties, the Company is pleased to announce that its attorneys have been successful in identifying the person responsible for the malicious article and is now taking all steps necessary to add the person’s name to the lawsuit and to serve that individual. FingerMotion also announced that it is also adding to its federal lawsuit the social media news outlet Benzinga for republishing, and continuing to republish the Capybara report and other false reports that continue to harm FingerMotion’s retail investment community.” Martin Shen, CEO of FingerMotion, stated: “We are committed to legally pursuing the Capybara short and distort campaign as well as all media outlets that irresponsibly reported the false, misleading and defaming Capybara Report.”