Here is the US case:
https://casetext.com/case/blue-dog-grp-pty-v-glaucus-research-grp-cal
Trading on inside information (the fact that a report will be released) is clearly illegal.
This was brought up during the collapse and we were simply told that the short seller company had been shut down. If there is a case being launched now against a vulnerable defendant then are directors liable for not pursuing the case 5 years ago? Can we sue Glaucus for insider trading and the directors for negligence and misleading existing and potential shareholders? Was there an incentive not to sue? Not suggesting anything, but I keep an open mind.
