Short-Seller Andrew Left Previews Defense in Skirmish Over 3,000 Extra Words
- Left request to file expanded defense rejected by judge
- Short seller is accused of fraud in parallel SEC, DOJ cases
Andrew Left
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Short seller Andrew Left is gearing up to seek dismissal of a US Securities and Exchange Commission lawsuit over his trading activities, with his lawyer characterizing the civil case as a substandard “novelty.”
US authorities in July accused Left and his Citron Research firm of committing fraud through stock trades, social media posts and research reports — the culmination of a yearslong crackdown against traders who promote their bearish bets. The SEC case is running parallel to a US Justice Department criminal prosecution.