Andrew Left Seeks Dismissal of Market Manipulation Charges
Prominent short seller Andrew Left has filed a motion to dismiss federal charges alleging market manipulation and investor fraud.
The charges, filed in July by the U.S. Attorney's Office in Los Angeles, accuse Left of making false statements about his positions in stocks such as Nvidia and Tesla.
Left's attorney argues that the charges relate to his opinions and that the government has failed to provide evidence that he did not genuinely hold these beliefs. The filing also contends that the information in question was not material to investors and that Left had no obligation to disclose it.
"Concealing economic information necessary for others to make discretionary economic decisions is not fraud," said Left's attorney, James Spertus, in the filing.
The U.S. attorney's office has not yet responded to a request for comment.