Safety Shot Wins Lawsuit Against Capybara Research and Igor Appelboom – Benzinga Retracts Defamatory Story

The Default Judgment marks a significant victory in Safety Shot’s legal battle with Capybara Research and Igor Appelboom and Complete Vindication for the Company.

JUPITER, FL, March 19, 2024 (GLOBE NEWSWIRE) -- 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.