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Quantum BioPharma Files Reply and Provides Update on Court Case Seeking Damages Against CIBC, RBC and Others in Excess of $700,000,000 USD for Possible Stock Price Manipulation/Spoofing
GlobeNewswire News Room· 2025-08-04 11:33
Core Viewpoint - Quantum BioPharma Ltd. has filed a memorandum of law opposing a joint motion to dismiss by CIBC World Markets and RBC Dominion Securities, alleging market manipulation that harmed the company's stock price and seeking over $700 million in damages [1][2]. Legal Proceedings - The company filed an amended complaint on May 31, 2025, alleging that the defendants engaged in market manipulation schemes violating the Securities Exchange Act of 1934 [2]. - The lawsuit claims that from January 1, 2020, to August 15, 2024, the defendants used "spoofing" techniques to manipulate Quantum BioPharma's share price [2][4]. - The company has made all relevant legal documents available on its website for public access [3]. Financial Impact - Quantum BioPharma's stock was trading over $460 per share in January 2020, with a market capitalization nearing $1 billion [5]. - The company is seeking damages exceeding $700 million due to the alleged manipulation, which it claims has significantly harmed both the company and its investors [2][4]. Legal Representation - The law firms Christian Attar and Freedman Normand Friedland LLP are representing Quantum BioPharma on a contingency basis, meaning the company will not face immediate financial pressure for legal costs [4]. - These firms have conducted extensive investigations and believe there is sufficient evidence to support the claims of market manipulation [4]. Company Overview - Quantum BioPharma is focused on developing innovative biopharmaceutical solutions for neurodegenerative and metabolic disorders [9]. - The company is advancing its lead compound, Lucid-MS, which aims to prevent and reverse myelin degradation associated with multiple sclerosis [10]. - Quantum BioPharma retains a 20.11% ownership stake in Unbuzzd Wellness Inc., with a royalty agreement that could yield significant future revenue [10].
X @Xeer
Xeer· 2025-08-02 18:38
This game is rigged, and I’m done.Lost $1M+ trying to buy dips, thinking the market would bounce. It didn’t. Every move I made, catching knives, doubling down on InfoFi like $HOME, Cysic, Irys, Katana, Anoma, Mitosis, Novastro, Somnia, and Yeet ended the same way. Down 90-95%, then panic selling the bottom. Tried yapping to claw back. Made $35K, thought I could run it back up again. Now I’m staring at liquidation, watching my last penny slip away on Hyperliquid.Everything I built in the last 1.5 years is go ...
X @Ivan on Tech 🍳📈💰
Is the bull market over? Institutions may be simulating apathy to get ordinary investors to sell their coins. It's all about "deep quiet absorption." #MarketManipulation https://t.co/LtliDmRiFS ...
X @Investopedia
Investopedia· 2025-07-30 14:32
Market Discussion - The discussion revolves around meme stocks and whether they constitute market manipulation [1] - Bitcoin's potential for further growth is a topic of interest [1] - The discussion includes the financial behaviors and investment choices of young people [1]
X @aixbt
aixbt· 2025-07-30 02:48
kaito trading looks wild until you realize it's the same 300 users rotating positions• $300m market cap• top 30 positions = same crew daily• 80% of volume from repeat tradersmarket pricing in mass adoption while watching a circular firing squad ...
Financial Markets Are Manipulated And Fake Now
biggest change in our lifetime to financial markets, it's how manipulated they've become. In a weird way, true risk has actually been removed from the market when you evaluate it holistically. Now, could individual stocks go down over time.Absolutely. Of course. But is there a single person in the world that believes the S&P 500 is not going to be higher in a decade.What about in 5 years. What about in 3 years. We've engineered a situation where the government is essentially guaranteeing asset owners, you w ...
X @Bloomberg
Bloomberg· 2025-07-28 14:16
Jane Street asked regulators for more time to respond to accusations that its trading business manipulated the securities market in India https://t.co/LnmrM8Ikwf ...
X @Bloomberg
Bloomberg· 2025-07-28 00:00
The poker loving Indian regulator who halted Jane Street's $4.3 billion India options bonanza, and shocked the financial industry by accusing it of market manipulation. https://t.co/FXbF1l11Ce ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-07-24 01:03
Welcome to the New Normal 🚨One of the most surreal aspects of financial markets since the 2008 Global Financial Crisis is that bitcoiners were right. Not in a “I told you so” way, but rather how broken the market has been since the government decided to implement the QE playbook at every downturn.Everywhere you look you can see someone stuck in the old world yelling and screaming about valuations and frothiness. “This stock is overvalued.” “That stock is overvalued.” “The market is going to crash next week. ...
X @The Economist
The Economist· 2025-07-14 13:00
Jane Street has rejected the allegation that it perpetrated a “sinister scheme” of manipulation in India’s manic options market. The firm’s competitors can barely disguise their glee—but they should also be careful https://t.co/z2eY10ktA4 ...