META® Inc., a leading advanced materials and nanotechnology company, has announced its collaboration with ChristianAttar, a prominent securities litigation firm, and Warshaw Burstein, joined by partner Alan Pollack, to investigate allegations of naked short selling of Meta Materials’ stock.
This strategic partnership aims to protect investors and uphold market integrity by addressing potential fraudulent trading practices.
A Formidable Team with a Shared Mission
Wes Christian, a seasoned securities litigation expert and partner at ChristianAttar, will spearhead the investigation alongside Alan Pollack, a respected partner at Warshaw Burstein.
The duo boasts a solid track record of over 15 years working together, effectively combating illegal trading practices.
“Our Commitment to Protecting Investors”
George Palikaras, President and CEO of Meta Materials Inc., expressed his enthusiasm for the collaboration, stating,
“This engagement reflects our commitment to protecting investors and maximizing shareholder value. We are excited to work with a group of seasoned legal experts and advisors such as ChristianAttar and Warshaw Burstein.”
Uncovering Potential Trade Imbalances
META, in conjunction with ShareIntel Shareholder Services, LLC, conducted a preliminary trading analysis that revealed potential trade imbalances in the trading of MMAT shares.
These imbalances, relative to META’s public float and average trading volume, are of significant concern and warrant thorough investigation.
“The Motherload of Counterfeit Shares”
Wes Christian expressed his initial findings, stating,
“Based on the initial analysis, we believe this has the potential to become the motherload of counterfeit shares.
The scale and complexity warrant exhaustive investigation, and we are prepared to relentlessly pursue justice for META and its shareholders.
Our mission is to expose any illicit activities and seek remedies that protect Meta Materials and its shareholders.
We value the trust META has placed in us and are committed to working assiduously towards securing a fair and just resolution.”
Upholding Market Integrity
Alan Pollack of Warshaw Burstein emphasized their shared commitment to market integrity, stating,
“Our collaboration with ChristianAttar is built on a shared commitment to upholding market integrity.
Together, we bring decades of combined experience and a track record of success in litigating against market manipulation and fraudulent trading practices.”
About Meta Materials Inc.
Meta Materials Inc. (META®) is an advanced materials and nanotechnology company at the forefront of developing innovative products and technologies using sustainable science.
Their expertise lies in improving everyday products through the application of advanced materials, making them smarter and more sustainable.
META’s technology platforms serve various industries, including aerospace and defense, consumer electronics, 5G communications, batteries, authentication, automotive, and clean energy.
About ChristianAttar
ChristianAttar, a highly regarded Houston-based law firm, specializes in securities litigation, corporate governance, and complex commercial litigation.
Known for their excellence, the firm has established itself as a leader in high-stakes litigation, representing publicly traded companies, shareholders, and investors against fraudulent trading activities and market manipulation.
Sources: THX News & Meta Materials Inc.
