Silvercorp Sues Chinastockwatch.com Over Stock Manipulation
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Silvercorp Metals Inc., a Canadian miner of silver in China, sued two websites and their operators for allegedly spreading false information in an effort to drive down the company’s stock price.
Chinastockwatch.com, a New York-based website that posts reports on public companies, and operator Jerry Katz published “false, defamatory and fraudulent statements,” Silvercorp said in the complaint filed yesterday in New York State Supreme Court in Manhattan.