SINGAPORE / ACCESSWIRE / November 17, 2023 / FingerMotion, Inc. (NASDAQ:FNGR) (the 'Company' or 'FingerMotion'), a mobile services and data company, is providing a litigation update to the market regarding its newly filed lawsuit against Capybara Research ('Capybara').
On October 19, 2023, FingerMotion filed a federal lawsuit in the United States District Court for the Southern District of New York against Capybara, a firm recently created and that enjoyed anonymity through various social media postings without any trail as to ownership while antagonizing our retail investment community by posting lewd and unprofessional graphics, intended to further embarrass the Company.
After weeks of investigatory work by the Company's litigation counsel as well as cooperation of third parties, the Company is pleased to announce that its attorneys have been successful in identifying the person responsible for the malicious article and is now taking all steps necessary to add the person's name to the lawsuit and to serve that individual.
FingerMotion also announced that it is also adding to its federal lawsuit the social media news outlet Benzinga for republishing, and continuing to republish the Capybara report and other false reports that continue to harm FingerMotion's retail investment community.
'We are committed to legally pursuing the Capybara short and distort campaign as well as all media outlets that irresponsibly reported the false, misleading and defaming Capybara Report,' stated Martin Shen, CEO of FingerMotion.
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
For more information on FingerMotion, visit: https://fingermotion.com/
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