Cycurion announced it has resolved its 'John Doe' defamation lawsuit against an individual who published false accusations of fraud, securities violations, and stock manipulation under anonymous aliases. The defendant has admitted the accusations were false and signed a formal retraction and apology. The company also disclosed the resignation of a board member.
Key Details
- Settlement Terms: The defendant is permanently banned from trading Cycurion securities, must cease all negative commentary, and has agreed to cooperate with the company on matters related to short-selling of its stock.
- Legal Precedent: Cycurion stated its intent to continue identifying and holding accountable anonymous posters who make false and defamatory accusations against the company.
- Board Change: Director Emmit McHenry resigned from the Board of Directors, effective September 24, 2026.