Aphria Inc (fka APHA)

[Day Grinder]

On January 23, 2019, Yangtze River Port and Logistics Limited (“Company”) filed a defamation lawsuit in the New York Supreme Court, New York County, against Hindenburg Research, Nathan Anderson, ClaritySpring Securities, LLC and ClaritySpring Inc.


On January 23, 2019, Yangtze River Port and Logistics Limited (“Company”) filed a defamation lawsuit in the New York Supreme Court, New York County, against Hindenburg Research, Nathan Anderson, ClaritySpring Securities, LLC and ClaritySpring Inc. (collectively, “Defendants”) in response to their coordinated and orchestrated market manipulation scheme to disseminate false, misleading and defamatory content to the marketplace regarding the Company for the purpose of inflicting substantial reputational harm on the Company for Defendants’ own financial gain. The impetus for the action was a false, misleading and defamatory unsigned article published on December 6, 2018 through one of the Defendants’ aliases, “Hindenburg Research,” which erroneously accused Yangtze of making fraudulent misrepresentations in its public filings with the U.S. Securities and Exchange Commission (“SEC”) or intentionally omitting material information in those filings, laundering money through sham transactions for the benefit of the Company’s Chief Executive Officer, and being ensnared in a catastrophic liquidity crisis rendering the Company worthless.
As the Company’s Complaint establishes with supporting evidence that was publicly filed with the SEC, the statements made in the Defendants’ report are not only demonstrably false and misleading, but also nothing more than a “short and distort” attack on the Company for the financial gain of those Defendants, who concede in the Report that they “are short YRIV”.
https://www.sec.gov/Archives/edgar/data/1487843/000121390019001140/f8k012319_yangtzeriver.htm