Victim: Kraig Higginson

Victim - Company

Kraig Higginson is the Executive Chairman of the Board at Sundance Strategies, Inc. Higginson served as Chief Executive Officer of VIA Motors, Inc., until January 2014. From October 2003 until November 2010, he served as Chairman of the Board of Directors of Raser Technologies. Higginson also founded American Telemedia Network, Inc., a publicly-traded NASDAQ company. In 2019, Raser Technologies filed a lawsuit against Morgan Stanley and claimed the defendants “devised and perpetrated a naked short selling stock manipulation scheme that targeted and intentionally destroyed a Utah company, Raser Technologies.” This action resulted in Raser filing for bankruptcy. Plaintiffs also subsequently sued Merrill, Goldman, and several related entities, for violations of the Utah Pattern of Unlawful Activity Act.

Biography

Sundance Strategies

 

Filing: Raser Technologies, Inc. v Morgan Stanley & Company, LLC

Article - Media

Raser Technologies, Inc. v Morgan Stanley & Company, LLC

14 August 2019

Plaintiffs allege that Defendants “devised and perpetrated a
naked short selling stock manipulation scheme that targeted and
intentionally destroyed a Utah company, Raser Technologies.” The
merits of this theory are not before us. Instead, we are faced with the
threshold determination of whether a Utah court may assert specific
personal jurisdiction over some or all of Defendants

PDF (32 pages): Raser Technologies, Inc. v Morgan Stanley & Company, LLC