ALEX SPIRO FILES DEFAMATION SUIT AGAINST SHORT SELLER ON BEHALF OF TECNOGLASS
Tecnoglass (NYSE: TGLS) and its co-founders have filed a federal defamation lawsuit against short seller Christian Lamarco and Shadyside Partners (d/b/a Culper Research) in the Southern District of New York. The lawsuit alleges that Culper Research deliberately published false claims connecting Tecnoglass and its executives to the Sinaloa cartel.
The complaint states that Culper Research profited from short positions by spreading fabricated allegations based on supposedly "intelligence" documents that Mexican authorities have confirmed as inauthentic. The plaintiffs are seeking damages, attorneys' fees, and an injunction requiring removal and retraction of the defamatory statements.
Tecnoglass (NYSE: TGLS) e i suoi cofondatori hanno intentato una causa federale per diffamazione contro il venditore allo scoperto Christian Lamarco e Shadyside Partners (che opera come Culper Research) nel Distretto Meridionale di New York. La denuncia sostiene che Culper Research abbia pubblicato deliberatamente false accuse collegando Tecnoglass e i suoi dirigenti al cartello di Sinaloa.
Secondo il reclamo, Culper Research ha tratto profitto da posizioni short diffondendo accuse inventate basate su presunti documenti di “intelligence” che le autorità messicane hanno confermato non autentici. I querelanti chiedono risarcimenti, le spese legali e un provvedimento che imponga la rimozione e la ritrattazione delle dichiarazioni diffamatorie.
Tecnoglass (NYSE: TGLS) y sus cofundadores han presentado una demanda federal por difamación contra el vendedor en corto Christian Lamarco y Shadyside Partners (operando como Culper Research) en el Distrito Sur de Nueva York. La demanda alega que Culper Research publicó deliberadamente afirmaciones falsas que vinculan a Tecnoglass y sus ejecutivos con el cártel de Sinaloa.
La denuncia indica que Culper Research se benefició de posiciones cortas al difundir acusaciones fabricadas basadas en supuestos documentos de "inteligencia" que las autoridades mexicanas han confirmado como no auténticos. Los demandantes solicitan daños, honorarios de abogados y una orden que exija la eliminación y retractación de las declaraciones difamatorias.
Tecnoglass (NYSE: TGLS)와 그 공동창업자들이 남부 뉴욕 지방법원에 공매도자 크리스찬 라마르코와 Shadyside Partners(업무명 Culper Research)를 상대로 연방 명예훼손 소송을 제기했습니다. 소장에서는 Culper Research가 Tecnoglass와 경영진을 신알로아 카르텔과 연결하는 허위 주장을 고의로 게재했다고 주장합니다.
소장에 따르면 Culper Research는 멕시코 당국이 진위가 아니라고 확인한 이른바 "정보" 문서를 근거로 조작된 혐의를 퍼뜨려 공매도 포지션으로 이익을 얻었다고 합니다. 원고들은 손해배상, 변호사비 및 명예훼손 발언의 삭제와 정정을 요구하는 금지명령을 청구하고 있습니다.
Tecnoglass (NYSE: TGLS) et ses cofondateurs ont intenté un procès fédéral pour diffamation contre le vendeur à découvert Christian Lamarco et Shadyside Partners (exerçant sous le nom Culper Research) dans le district sud de New York. La plainte affirme que Culper Research a délibérément publié de fausses allégations reliant Tecnoglass et ses dirigeants au cartel de Sinaloa.
Selon la plainte, Culper Research a tiré profit de positions vendeuses en diffusant des accusations fabriquées basées sur de prétendus documents de « renseignement » que les autorités mexicaines ont confirmés comme inauthentiques. Les plaignants demandent des dommages-intérêts, les frais d'avocat et une injonction ordonnant la suppression et la rétractation des déclarations diffamatoires.
Tecnoglass (NYSE: TGLS) und seine Mitgründer haben im Southern District of New York eine Bundesklage wegen Verleumdung gegen den Leerverkäufer Christian Lamarco und Shadyside Partners (taket Culper Research) eingereicht. Die Klage behauptet, Culper Research habe vorsätzlich falsche Behauptungen veröffentlicht, die Tecnoglass und seine Führungskräfte mit dem Sinaloa-Kartell in Verbindung bringen.
Die Beschwerde führt aus, dass Culper Research durch das Verbreiten erfundener Vorwürfe, gestützt auf angebliche "Geheimdienst"-Dokumente, von Short-Positionen profitiert habe – Dokumente, die mexikanische Behörden als nicht authentisch bestätigt haben. Die Kläger verlangen Schadensersatz, Anwaltskosten und eine Unterlassungsanordnung zur Entfernung und Widerruf der diffamierenden Aussagen.
- None.
- Stock price and company reputation damaged by short seller allegations
- Legal proceedings could be lengthy and costly
- Negative publicity from allegations may continue to affect market perception
Insights
Tecnoglass's defamation lawsuit against Culper Research could help restore reputation damaged by alleged false cartel claims that hurt stock price.
This defamation lawsuit represents a significant countermeasure by Tecnoglass against what they claim are fabricated allegations connecting the company to the Sinaloa cartel. The suit was filed in the Southern District of New York by high-profile attorney Alex Spiro against Christian Lamarco and Shadyside Partners (operating as Culper Research). The complaint specifically alleges that Culper Research profited from short positions by publishing these damaging claims, which were sourced from documents the Mexican government has officially declared inauthentic.
From a legal perspective, this case hinges on several critical elements. For a defamation claim to succeed, Tecnoglass must prove the statements were false, published to third parties, and caused actual damages. The press release indicates the report had an immediate negative impact on Tecnoglass's share price, which helps establish the damages component. The plaintiffs are seeking monetary damages, attorneys' fees, and an injunction requiring removal and retraction of the statements.
Notably, the complaint mentions this isn't Lamarco and Culper Research's first defamation lawsuit, which could potentially strengthen Tecnoglass's case by establishing a pattern of behavior. The selection of the Southern District of New York as venue is strategic, as it's a prestigious court with significant experience handling complex financial cases. The retention of Quinn Emanuel, described in the release as a formidable litigation firm with impressive trial statistics (86
The filing asserts that Culper Research profited from short positions by spreading fabricated allegations sourced from purported "intelligence" documents that the Mexican government has publicly confirmed are inauthentic.
The complaint also notes this is not the first time Lamarco and Culper Research have faced defamation suits of this nature. The report caused immediate damage to Tecnoglass's share price and reputation. The plaintiffs seek damages, attorneys' fees, and an injunction requiring the removal and retraction of the defamatory statements.
The case is Tecnoglass Inc. v Lamarco, 25-cv-7450,
About Quinn Emanuel
Quinn Emanuel Urquhart & Sullivan, LLP is a 1000+ lawyer business litigation firm—the largest in the world devoted solely to business litigation and arbitration with 34 global office locations. Surveys of major companies around the world have named it the "most feared" law firm in the world three times. Firm lawyers have tried over 2,500 cases, winning
Quinn Emanuel has been named the No. 1 "most feared" law firm by The BTI Consulting Group three times in its annual "Most Feared Law Firms in Litigation" guide, in which in-house counsel named 46 firms they "want to steer clear of" when it comes to litigation. The American Lawyer named Quinn Emanuel the top IP litigation firm in the
View original content to download multimedia:https://www.prnewswire.com/news-releases/alex-spiro-files-defamation-suit-against-short-seller-on-behalf-of-tecnoglass-302552543.html
SOURCE Quinn Emanuel Urquhart & Sullivan, LLP
FAQ
What legal action has Tecnoglass (TGLS) taken against Culper Research?
What damages is Tecnoglass (TGLS) seeking in its lawsuit against the short seller?
How has the short seller report affected Tecnoglass (TGLS) stock?
What evidence supports Tecnoglass (TGLS) in its defamation lawsuit?
Who is representing Tecnoglass (TGLS) in the defamation lawsuit?
