Deer Consumer Products Inc. (DEER) announced that late yesterday it was the victim of a threat by "Alfred Little" a group disguised through fabricated identities and fake addresses and phone numbers, that have engaged in a series of "short and distort" schemes against more than a dozen U.S.-listed companies.
On March 28, 2011, Deer filed suit in the Supreme Court of the State of New York against "Alfred Little," the website SeekingAlpha.com and others. Our claims in this action allege the publishing of false and defamatory statements by the defendants as part of an orchestrated scheme to manipulate and depress the market for our common stock.
The December 19 threat, circulated by electronic transmission on one of the Alfred Little websites, demanded that Deer either withdraw its lawsuit against Little now pending in the Supreme Court of the State of New York, or suffer the consequences of a reign of terror that would begin today December 20 via additional attacks upon Deer by Little via electronic publications on the internet. The threat caused a sharp drop in Deer's share price on December 19, 2011, the company said.
Deer said that it views the new actions of "Alfred Little" and others as an attempt to subvert the normal course of the judicial process. They will not succeed in coercing Deer to withdraw its lawsuit and bring the culpable parties to justice for their relentless unsubstantiated attacks, Deer said.
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