Safety Shot Wins Lawsuit Against Capybara Research and Igor Appelboom – Benzinga Retracts Defamatory Story
19 Mars 2024 - 9:15PM
Safety Shot, Inc.
(Nasdaq: SHOT) (The “Company” or
“Safety Shot”) is pleased to announce that on March 18,
2024, the United States District Court Southern District of New
York, has awarded the Company a Default Judgment in its lawsuit
against Capybara Research and Igor Appelboom for Securities Fraud
and Tortious Interference, for the defendants’ defamatory,
unfounded and malicious article titled, Safety Shot Exposed $SHOT;
Boca Raton Snake Oil:Unraveling the Fraud behind the Drink and Its
Dubious Origins.
In the judgment, the Honorable Jed. S. Rakoff,
wrote in relevant part, “as to Defendants Capybara Research and
Igor Appelboom,“Defaulting Defendants, and all persons acting
individually or in concert with, under the direction of or in
support of Defaulting Defendants…are hereby: a. Directed to
publicly retract in writing the article authored by Defaulting
Defendants Capybara Research and Igor Appelboom titled Safety Shot
Exposed $SHOT; Boca Raton Snake Oil: Unraveling the Fraud Behind
the Drink and Its Dubious Origins from its website and/or social
media accounts; b. Directed to remove any reference to the article
titled Safety Shot Exposed $SHOT; Boca Raton Snake Oil: Unraveling
the Fraud behind the Drink and Its Dubious Origins from its website
and/or social media accounts; c. Permanently enjoined and
restrained from authoring and/or publishing additional articles
referencing the article titled Safety Shot Exposed $SHOT; Boca
Raton Snake Oil: Unraveling the Fraud Behin the Drink and Its
Dubious Origins; except for a public written retraction of any
previously published article containing references to the same,”
Judge Rakoff wrote.
In a separate settlement agreement, Defendant
Accreative Capital LLC d/b/a Benzinga, agreed to retract and remove
the defamatory story from its website and cease from any future
publication.
“We are very pleased that the Court has awarded
us this judgment. Being awarded this default judgment is a
tremendous victory against Capybara and Igor Appelboom and a
complete vindication for the Company. Their ill-advised and illegal
market manipulation violated securities laws and improperly
interfered with our business,” stated Safety Shot CEO Jarrett
Boon.
About Safety Shot
Safety Shot, Inc., has developed a
first-of-its-kind beverage that makes you feel better faster from
the effects of alcohol by reducing blood alcohol content and
increasing mental clarity. Safety Shot leverages scientifically
proven ingredients to enhance metabolic pathways responsible for
breaking down blood alcohol levels. The formulation includes a
tailored selection of all-natural vitamins, minerals, and
nootropics, promoting faster alcohol breakdown and aiding in
recovery and rehydration. Safety Shot has been available for retail
purchase since the first week of December 2023
at www.DrinkSafetyShot.com and www.Amazon.com. In
addition, the Company plans to introduce business-to-business sales
to distributors, retailers, restaurants, and bars in 2024.
Forward Looking Statements
This communication contains forward-looking
statements regarding Safety Shot, including, the anticipated timing
of studies and the results and benefits thereof. You can generally
identify forward-looking statements by the use of forward-looking
terminology such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,”
“might,” “plan,” “potential,” “predict,” “project,” “seek,”
“should,” or “will,” or the negative thereof or other variations
thereon or comparable terminology. These forward-looking statements
are based on each of the Company’s current plans, objectives,
estimates, expectations, and intentions and inherently involve
significant risks and uncertainties, many of which are beyond
Safety Shot’s control. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of these risks and
uncertainties and other risks and uncertainties affecting Safety
Shot and, including those described from time to time under the
caption “Risk Factors” and elsewhere in Safety Shot’s Securities
and Exchange Commission (SEC) filings and reports, including Safety
Shot’s Annual Report on Form 10-K for the year ended December 31,
2023 and future filings and reports by Safety Shot. Moreover, other
risks and uncertainties of which the Company is not currently
aware may also affect the Company’s forward-looking
statements and may cause actual results and the timing of events to
differ materially from those anticipated. Investors are cautioned
that forward-looking statements are not guarantees of future
performance. The forward-looking statements made in this
communication are made only as of the date hereof or as of the
dates indicated in the forward-looking statements and reflect the
views stated therein with respect to future events at such dates,
even if they are subsequently made available by Safety Shot on its
website or otherwise. Safety Shot undertakes no obligation to
update or supplement any forward-looking statements to reflect
actual results, new information, future events, changes in its
expectations or other circumstances that exist after the date as of
which the forward-looking statements were made.
Media Contact:Phone:
904-477-2306Email: emily@pantelidespr.com
Investor Contact:Phone:
561-244-7100Email: investors@drinksafetyshot.com
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