UPDATE -- Asia Broadband Inc. Pursues $250 Million Dollars In Total Damages From Market Makers In Federal Lawsuit Filed For Coordinated Market Manipulation and Securities Fraud

LAS VEGAS, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) today announced that it has filed a federal civil lawsuit in the United States District Court for the Central District of California against Virtu Financial Inc., GTS Securities LLC (MPID: GTSM), and G1 Execution Services LLC, for securities fraud and coordinated market manipulation of Asia Broadband’s publicly traded stock symbol AABB. Based on daily comprehensive, real-time, deceitful, market maker behavior captured over multiple years, AABB is pursuing $250 million dollars in total compensatory and punitive damages from the three defendants.

The lawsuit for Systematic and Coordinated Manipulation, Case No. 2:26-cv-00175, Asia Broadband, Inc. v. Virtu Financial Inc. et al., was filed on January 7, 2026 by Midway Law Firm APC on behalf of AABB, can be viewed in the link below:

https://asiabroadbandinc.com/wp-content/uploads/2026/01/Asia-Broadband ...

The complaint highlights in detail, with 168 pages of supporting exhibits, that the defendants engaged in systematic, coordinated, and unlawful trading practices designed to artificially suppress AABB’s share price, distort liquidity and valuation, and impair the Company’s access to equity financing. The alleged conduct includes, among other things:

• Spoofing and bid layering
• Wash trading
• Naked short selling
• Quote stuffing and micro-stuffing
• Other deceptive trading strategies intended to manipulate price discovery
  
  

Option 1) According to the complaint, these activities were documented and preserved through Level II order-book video recordings, detailed trade-tape analysis, and time-sequenced market data, demonstrating patterns consistent with intentional and coordinated market manipulation.

Option 2) As detailed in the complaint, the activities identified are supported by Level II order-book video recordings, detailed trade-tape analysis, and time-sequenced market data, which identify patterns consistent with intentional and coordinated market manipulation.”

Impact on Shareholders and Market Integrity

The lawsuit asserts that the defendants’ actions interfered with fair and orderly market operations, undermined investor confidence, and materially harmed AABB and its shareholders by preventing the Company’s stock price from reflecting fundamental performance and asset value.