Juice maker's libel lawsuitThis article was originally published in Foodnews
SKYPEOPLE Fruit Juice, a Chinese fruit juice manufacturer listed in the US, has filed a defamation lawsuit against Absaroka Capital Management and its analyst Kevin Barnes. This follows the publication of an article on the company in June, which levelled criticisms against the company's accounting. Skypeople's shares fell following the Absaroka report. They have climbed sharply since the announcement of the lawsuit. Skypeople is itself facing litigation after an investor in the company alleged violations of Federal securities laws (FOODNEWS 29 April) .