Meta Materials has hired Wes Christian to investigate naked shorting.

Meta Materials Inc., a company specializing in advanced materials and nanotechnology, made an announcement today regarding its engagement of the law firm Christian Smith & Jewell, LLP to assist in the investigation of allegations regarding naked short selling of Meta Materials' stock, MMAT. In line with their dedication to protecting investors and maximizing shareholder value, META conducted an initial trading analysis in collaboration with ShareIntel Shareholder Services, LLC.

Through ShareIntel, META obtained trading analytics metrics, and their analysis has revealed potential trade imbalances in the trading of MMAT shares that could have a significant impact considering META's public float and average trading volume.

"We have thoroughly reviewed the preliminary report provided by ShareIntel, and as a result, we have decided to enlist the services of Christian Smith & Jewell. We firmly believe that Wes Christian and his team will provide us with the most effective solution to address potential instances of illegal trading, particularly involving naked short sellers, whether they involve our shares or those falsely attributed to us," stated Jack Harding, Chairman of Meta Materials Inc.

Christian, Smith & Jewell has an impressive reputation for representing publicly traded companies facing difficulties linked to illegal naked short selling, counterfeit shares, and various fraudulent practices. The firm's notable achievements include successful representation of Overstock.com and Taser International in lawsuits against renowned Wall Street institutions such as Goldman Sachs, Merrill Lynch, and Bank of America, leading to favorable settlements.