Sports Entertainment Gaming Global Corporation has filed a $179 million civil lawsuit in Tarrant County District Court against four firms, alleging their involvement in a coordinated illegal trading scheme intended to suppress the company’s share price and harm shareholder value. The lawsuit accuses the defendants of market manipulation practices, including naked short selling, spoofing, abusive short-selling strategies, and spreading misleading market narratives. SEGG Media is seeking monetary damages, injunctive relief, and other legal remedies, emphasizing its commitment to protecting shareholders and restoring market integrity. The company has conducted months of forensic analysis and legal review, and plans to continue cooperating with regulatory authorities as it pursues the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sports Entertainment Gaming Global Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9652281-en) on February 10, 2026, and is solely responsible for the information contained therein.