A Greek Orthodox priest who also manages a hedge fund has taken a unique approach in his free-speech struggle against the U.S. Securities and Exchange Commission (SEC) related to comments he made regarding a biotech company that he was shorting.
Rev. Father Emmanuel Lemelson is being assisted by the New Civil Liberties Alliance in this legal battle. He’s filed a petition requesting that the Supreme Court review a decision made by the U.S. Court of Appeals for the First Circuit. This is related to upholding the SEC’s complaint and maintaining that his comments about Ligand Pharmaceuticals Inc. were protected under the First Amendment.
This potent case raises questions about the extent of free speech rights in discussions about business practices and it could have far-reaching implications for the world of finance and beyond.
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