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Dickinson Wright and Fox Rothschild Join Forces to File Lawsuit Against ‘John Doe’ ‘Naked’ Short-Sellers of Lunai Common Stock
Law firms Dickinson Wright and Fox Rothschild have jointly filed a lawsuit against “John Doe” naked short sellers of Lunai Bioworks, Inc. (Nasdaq: LNAI) common stock. The lawsuit alleges securities fraud and intentional tort, claiming that the short sellers engaged in a coordinated scheme of unlawful naked short selling, causing significant harm to Lunai and its shareholders. The complaint details instances of massive failures to deliver shares and trading volumes far exceeding outstanding shares, seeking compensatory and special damages.