Legal Current

“Fake news” is nothing new, especially to corporations dealing with short sellers – investors who bet on falling stock prices, who have long been accused of deliberately spreading false information in order to drive bigger gains. But the Securities & Exchange Commission has been surprisingly powerless in dealing with short sellers. Mike Dicke of Fenwick & West, who formerly worked for the SEC, discusses what companies can – and can’t do – to combat fake news being spread by short sellers