In The News

Market Manipulators, Beware

Bloomberg Law

29 Jun 2021

Michael Birnbaum and Scott Llewellyn were featured in Bloomberg Law’s Litigation newsletter, covering their team’s landmark settlement for Farmland Partners, a publicly traded farmland REIT in Denver, Colorado.

“Morrison & Foerster attorneys Michael Birnbaum and Scott Llewellyn have established a road map for holding anonymous authors accountable for false claims they make as part of a short-and-distort scheme. A little over a year ago, their client Farmland Partners Inc. forced short seller Quinton Mathews into the open after he used an alias, ‘Rota Fortune,’ to write a damaging article about the real estate investment trust for the investment blog Seeking Alpha. Last week, the company said it settled with Mathews, resolving the lawsuit it filed in federal court in Colorado after the article – which Mathews has now admitted included false statements – led to a 39% drop in the company’s stock price.”

Read the full article.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.