"Rota Fortunae," Author of July 2018 Attack on Farmland Partners, Retracts Short and Distort Article, Admits Article''s Falsity, and Returns Multiples of Trading Profits He Gained from Attack
DENVER , June 21, 2021 |PRNewswire| -- Farmland Partners Inc. (NYSE: FPI ) ("FPI" or the "Company") today announced the successful resolution of its litigation against Quinton Mathews , the previously anonymous author of an attack published on the financial website "Seeking Alpha" on July 11, 2018 as part of a "short and distort" scheme targeting FPI, management and its stockholders. As Mr. Mathews acknowledged publicly ( https:||seekingalpha.com|instablog|47800059-rota-fortunae|5605955-mathews-settlement-press-release ), the July 2018 Article was full of false statements that drove down FPI''s stock price, allowing Mr. Mathews and his clients, including the hedge fund who focused his attention on FPI, to profit when their short positions in FPI''s stock gained value in the wake of the defamatory article''s publication. Through this settlement, Mr. Mathews has agreed to pay to the Company a multiple of the profits he made when his defamatory "article" artificially drove the price of FPI stock down 39% on the day of publication, enabling him, his clients, and his co-conspirators to profit from the short positions they established in advance of the article''s publication.
"Rota Fortunae," Author of July 2018 Attack on Farmland Partners, Retracts Short and Distort Article, Admits Article''s Falsity, and Returns Multiples of Trading Profits He Gained from Attack
DENVER , June 21, 2021 |PRNewswire| -- Farmland Partners Inc. (NYSE: FPI ) ("FPI" or the "Company") today announced the successful resolution of its litigation against Quinton Mathews , the previously anonymous author of an attack published on the financial website "Seeking Alpha" on July 11, 2018 as part of a "short and distort" scheme targeting FPI, management and its stockholders. As Mr. Mathews acknowledged publicly ( https:||seekingalpha.com|instablog|47800059-rota-fortunae|5605955-mathews-settlement-press-release ), the July 2018 Article was full of false statements that drove down FPI''s stock price, allowing Mr. Mathews and his clients, including the hedge fund who focused his attention on FPI, to profit when their short positions in FPI''s stock gained value in the wake of the defamatory article''s publication. Through this settlement, Mr. Mathews has agreed to pay to the Company a multiple of the profits he made when his defamatory "article" artificially drove the price of FPI stock down 39% on the day of publication, enabling him, his clients, and his co-conspirators to profit from the short positions they established in advance of the article''s publication.