U.S. SHORT-SELLER DEFIES ALBERTA
American short-seller Marc Cohodes is firing back at the Alberta Securities Commission after it announced it wants to stop him from trading in securities of Calgary-based Badger Daylighting Ltd. Law firm Boersch Shapiro, which says it represents Cohodes in the United States, says in a statement the investor will challenge the ASC’s “illadvised application” and looks forward to “public revelations” about Badger. The firm says the ASC’s requested order would purport to violate the U.S. Constitution and Canadian Charter of Rights and Freedoms by restraining Cohodes’ right to free speech. The provincial regulator said Thursday it will also seek to have the California short-seller prohibited from making “misleading ” public declarations regarding Badger, citing a social media posting that used a picture of a Badger truck as support for his allegation of illegal toxic dumping.