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IGC Pharma considers legal action after a federal jury finds short seller guilty of fraud in 2018 campaign.

Market News
29 Jul 2026
Accesswire
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Neutral
IGC Pharma considers legal action after a federal jury finds short seller guilty of fraud in 2018 campaign.

IGC Pharma is exploring civil remedies following a federal jury verdict that found Andrew Left, founder of Citron Research, guilty of securities fraud related to a 2018 short-selling campaign targeting IGC. The company believes the campaign caused significant harm to its market value, reputation, and operations, and is reviewing legal options to recover damages. This development highlights risks from manipulative short campaigns and comes as IGC continues its clinical trials for Alzheimer's treatments. The Board will decide on pursuing claims based on legal advice and shareholder interests.

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