Scilex Holding Company Retains Warshaw Burstein, LLP and Christian Attar Law
PALO ALTO, Calif., Oct. 07, 2023 (GLOBE NEWSWIRE)
Investigating Potential Naked Short Selling Activities
Scilex Holding Company, an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain, has recently retained the services of Warshaw Burstein, LLP and Christian Attar Law to investigate potential naked short selling activities. This move comes as part of the Company’s ongoing efforts to ensure transparency and fair practices in the financial markets.
Naked short selling is a controversial practice in which investors sell shares of a company without actually owning them. This can artificially drive down the price of the company’s stock, leading to potential harm for shareholders and the company itself. By partnering with experienced legal firms like Warshaw Burstein, LLP and Christian Attar Law, Scilex Holding Company is taking a proactive stance against any potential market manipulation.
Warshaw Burstein, LLP is a renowned law firm with extensive experience in securities litigation and complex commercial disputes. Their expertise in navigating the intricacies of financial regulations makes them a valuable asset to Scilex Holding Company in this investigation. Christian Attar Law, on the other hand, brings a wealth of knowledge in corporate governance and compliance to the table, further strengthening the legal team’s capabilities.
With this strategic partnership in place, Scilex Holding Company is sending a clear message that it is committed to upholding the integrity of the financial markets and protecting the interests of its shareholders. The Company’s dedication to transparency and ethical business practices sets a positive example for the industry as a whole.
How Does This Affect Me?
As a shareholder of Scilex Holding Company, this development should give you confidence that the Company is taking proactive steps to safeguard your investments. By retaining reputable legal counsel to investigate potential market manipulation, Scilex Holding Company is demonstrating its commitment to protecting shareholder value and maintaining transparency in its operations.
How Does This Affect the World?
The actions taken by Scilex Holding Company to investigate potential naked short selling activities have broader implications for the financial markets as a whole. By shining a light on questionable practices and holding wrongdoers accountable, the Company is contributing to a more transparent and fair trading environment. This commitment to integrity sets a positive example for other companies and helps to maintain trust and confidence in the global financial system.
Conclusion
In conclusion, Scilex Holding Company’s decision to retain Warshaw Burstein, LLP and Christian Attar Law to investigate potential naked short selling activities is a testament to the Company’s commitment to upholding ethical business practices and protecting shareholder interests. By taking proactive measures to ensure transparency and fairness in the financial markets, Scilex Holding Company is setting a positive example for the industry and contributing to a more trustworthy trading environment.
