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Abaxx Calls for Probe, Hires Paul Weiss After Short Seller’s Attack

Abaxx Calls for Probe, Hires Paul Weiss After Short Seller’s Attack
Key Points

Abaxx Calls for Probe, Hires Paul Weiss After Short Seller’s Attack Abaxx Technologies Inc. is asking Canadian market regulators to investigate whether manipulative trading occurred in its shares, and has hired law firm Paul Weiss for help in response to a short-selling campaign by Viceroy Research. The Toronto-based market infrastructure company said Sunday it has contacted the Canadian Investment Regulatory Organization, or CIRO, to request a review trading activity in its stock by Viceroy...

Abaxx Calls for Probe, Hires Paul Weiss After Short Seller’s Attack Abaxx Technologies Inc. is asking Canadian market regulators to investigate whether manipulative trading occurred in its shares, and has hired law firm Paul Weiss for help in response to a short-selling campaign by Viceroy Research. The Toronto-based market infrastructure company said Sunday it has contacted the Canadian Investment Regulatory Organization, or CIRO, to request a review trading activity in its stock by Viceroy and other parties. Abaxx also said its Singapore business had proactively contacted the Monetary Authority of Singapore regarding allegations made by the short seller.
Abaxx Calls for Probe (ORG) Paul Weiss (PERSON) Short Seller’s (PERSON) Attack Abaxx Calls for Probe (PERSON) Attack Abaxx Technologies Inc. (ORG) Canadian (ORG) Viceroy Research (ORG) Toronto (LOCATION) the Canadian Investment Regulatory Organization (ORG) CIRO (ORG) Viceroy (ORG) Abaxx (PERSON) Singapore (LOCATION) the Monetary Authority of Singapore (ORG)
Originally published by Bloomberg Markets Read original →