05:56 PM EDT, 03/19/2024 (MT Newswires) -- Safety Shot ( SHOT ) said late Tuesday it won its lawsuit against Capybara Research and Igor Appelboom, while Benzinga separately agreed to retract and remove defamatory story on the company and cease from any future publication.

The company received a default judgement in the suit from the US District Court for the Southern District of New York for the "defamatory, unfounded and malicious article."

The judgement marks "a complete vindication for the company," Safety Shot ( SHOT ) Chief Executive Jarrett Boon said. "Their ill-advised and illegal market manipulation violated securities laws and improperly interfered with our business."

Capybara and Benzinga didn't immediately respond to MT Newswires' requests for comment.

Safety Shot ( SHOT ) shares were up 5% in after-hours activity.

Price: 2.71, Change: +0.13, Percent Change: +5.04