spoofing
-
SEGG Media Faces $179 Million Lawsuit Over Alleged Illegal Trading Scheme
Sports Entertainment Gaming Global Corporation (SEGG Media) has filed a civil lawsuit against four unnamed firms, alleging a coordinated scheme to artificially depress its stock price through illegal trading tactics like naked short selling and spoofing. The company seeks damages and injunctive relief, asserting that these actions violated securities laws and harmed shareholder value during its operational turnaround efforts. SEGG Media emphasizes its commitment to its business operations and protecting shareholder interests.
