WASHINGTON, D.C. , May 12, 2026 (GLOBE NEWSWIRE) -- via IBN -- On Monday, May 11, 2026, national law firms Dickinson Wright and Fox Rothschild joined forces to file a lawsuit on behalf of their firms' client, Lunai Bioworks, Inc. (Nasdaq: LNAI) (Lunai), alleging securities fraud (stock manipulation) and intentional tort against “John Doe” “naked” short sellers of Lunai common stock on the Nasdaq Stock Market. The Complaint alleges that the short sellers engaged in the unlawful practice of “naked short selling” in a coordinated and systematic scheme to cause substantial harm to the company and its shareholders – highlighting deceptive devices they employed to violate federal laws and regulations and avoid detection by regulators.
The lawsuit, filed in federal court in Delaware, seeks unspecified compensatory and special damages and...
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