Some time ago, AlanC posted a link to the EROS cas

Some time ago, AlanC posted a link to the EROS case against a short-seller cabal that involved social media postings. Since we have the long weekend, this will be both sickening and strangely familiar-sounding reading to anyone inclined to spend some time on this.

https://iapps.courts.state.ny.us/nyscef/ViewD...kZDE6AhQ==

Here are a couple of quotes from it, for the time-impaired

Quote:

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16. The timing of Defendants’ false and defamatory accusations underscore their efforts to attack at the most critical junctures. For instance, in addition to lobbing attacks in close proximity to announcements of the Company’s financial results, Defendants tried to thwart current and prospective deals and deadlines that Eros had in the pipeline. Defendants’ attacks also escalated when Eros’ stock was recuperating, such as before Eros released its FY 2017 and FY 2016 annual results, as well as after rumors of a strategic investment that caused a 20% stock surge.
In leveling their opportunistic attacks, Defendants intended to both sabotage Eros’ business prospects and blunt the bullish impact of positive business developments , all with the specific goal of driving down Eros’ stock price

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Quote:

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For example, approximately 276,000 shares were shorted on August 8, 2017 alone – a staggering amount, considering that several independent prime brokers represented to the Company that virtually no shares were up for borrowing that day.

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