Sure... thing is, that lawsuit will go nowhere and is only being done to provide a scapegoat other than horrible business performance and dilution by the company. Have you seen that the very thing they're railing against, namely their lenders shorting against the box, was explicitly allowed by the lending agreements they signed?
Anytime I see "get shorty" on a stock, I know instantly it's just a cover story, a scam. Same thing here. You can't naked short a stock and not have it get flagged as a failure to deliver within 3 days and accounted for in the SEC's data, and this notion this bogus spin-off is somehow going to cause a "squeeze!" on a relatively small short interest position is pure BS.