Intellicell Biosciences Inc (fka SVFC)

[29YEARINVESTOR]

Svfc was the target of shorts. Will Vic or Share holders (pack together) and file in State Court:
Quote:
Naked short sellers squeezed by Supreme Court

Published by AMI Newswire May 16, 2016

In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.

The high court ruled unanimously that shareholders are not confined to federal court when seeking recourse for securities violations. Granting due deference to the important role of state courts, the Court reinforced federalist principles while clarifying congressional intentions to limit the federal governments role.

The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Courts opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence.

In 2012, businessman Greg Manning sued Merrill Lynch and other financial institutions in New Jersey state court for purposefully devaluing his company through systematic naked short-selling a term used to describe selling a stock a seller does not own and has not borrowed. In standard short sales, traders either borrow a stock or make sure that it can be borrowed prior to selling it short in the hope that its value will fall before the transaction must be covered.

The practice has come under increasing scrutiny and has been banned in Germany and other major economies.

Read more: http://tinyurl.com/jgz257w

The complete SCOTUS opinions are here: www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf

Continuing from the article Naked short sellers squeezed by Supreme Court: (Underlines added below for emphasis.)

While legitimate short-selling remains an accepted financial practice, manipulation by false rumors and naked short-selling has taken a serious toll on emerging industries. Biotechnology industry insiders have for years pleaded with the SEC to block the illegal short selling and false whisper campaigns that plague the industry. Smaller technology-driven companies frequently lack the resources to deal with attacks that drive down stock prices, crippling research and development budgets.

NO LONGER should this subject of ILLEGAL NAKED SHORT SELLING be questioned: just paths to RESOLUTION!