Silvercorp Metals Inc (NYSE:SVM)

CAPS Rating: 2 out of 5

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Player Avatar lquadland10 (< 20) Submitted: 9/30/2011 12:09:40 PM : Outperform Start Price: $5.69 SVM Score: -137.25

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Silvercorp Metals files lawsuit in New York against stock manipulation scheme
Markets are OPEN: September 23, 2011 9:10 AM ET - Briefing.com

Co filed a lawsuit in New York County Supreme Court charging defendants Chinastockwatch.com, Jerry Katz, Alfredlittle.com, Alfred Little, Simon Moore, and several "John Doe" defendants with spreading "false, defamatory and fraudulent" information about SVM on the Internet and in letters to the media and regulators. Co charged that the defendants did so to drive down the price of Silvercorp's stock in order to make their short positions in the stock more profitable.

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