FingerMotion settles with Benzinga in lawsuit against Capybara Research; main case continues

FingerMotion, Inc.

On Oct 19, 2023, FingerMotion filed federal lawsuit against Capybara Research for securities fraud and defamation over a short seller article.
Amended complaint on Jan 16, 2024 added Benzinga for republishing Capybara's article.
As of March 21, 2024, settled with Benzinga; references to the article removed from Benzinga's website.
Benzinga dismissed from lawsuit; FingerMotion continues pursuing claims against Capybara Research.
CEO Martin Shen says settlement is first step; company remains committed to full redress.

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