Newspaper article The Canadian Press

Alberta Regulator Seeks Order against Short Seller in Badger Daylighting Trades

Newspaper article The Canadian Press

Alberta Regulator Seeks Order against Short Seller in Badger Daylighting Trades

Article excerpt

ASC seeks order against short seller

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CALGARY - The Alberta Securities Commission is seeking an order prohibiting prominent American short-seller Marc Culver Cohodes from trading in securities of Calgary-based Badger Daylighting Ltd.

The provincial regulator says it is also seeking to have the California investor prohibited from making public declarations regarding Badger that he knows or should reasonably know are misleading or untrue.

In an application to be heard by the commission next week, ASC staff say Cohodes "misrepresented" on social media in June a picture of a Badger truck as support for his allegation of illegal dumping of toxic substances.

It says, in allegations that have not been proven, that Cohodes has made numerous public claims of a similar nature over a period of more than a year, coinciding with the acquisition of his short position. …

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