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🦋 MMAT — META MATERIALS INC. ⚠️ NOT LEGAL ADVICE. ⚖️ CASE: Christina W. Lovato, Trustee; Meta Materials Inc.; & Doug Collins, on behalf of investors v. Citadel Securities LLC, Virtu Americas LLC, Anson Funds Mgmt LP & Anson Advisors, Inc. 🏛️ U.S. District Court, District of Nevada 📁 Case: 3:26-cv-00679-MMD 📁 Bankruptcy: 24-50792-gs 📁 Adversary lawsuit: 26-05036-gs 📅 FILED: October 5, 2026 This district court proceeding concerns the market-manipulation lawsuit brought out of the Meta Materials bankruptcy. 📝 DOCUMENT 33 — PLAINTIFFS FIGHT MOVING THE CASE 📄 21 pages 🚨 THE MAIN POINT: Defendants want the district court to take over. Trustee CHRISTINA LOVATO & Doug Collins argue the bankruptcy court should KEEP handling the lawsuit, at least through preparation for trial. ⚖️ “WITHDRAW THE REFERENCE” means taking the lawsuit away from the bankruptcy court’s handling. It does NOT mean dismissing the lawsuit. 🧩 COMPLICATED FACTS DON’T AUTOMATICALLY REQUIRE A DIFFERENT COURT. Plaintiffs say defendants identify complicated facts, but no unsettled securities-law question requiring an immediate move. The court would apply existing rules about manipulation, intent, price effects & investor losses. 🔎 THE BANKRUPTCY COURT ALREADY KNOWS THE BACKGROUND. It supervised the trustee’s investigation, heard subpoena disputes & ordered trading-data production. Plaintiffs say having another court learn that history would duplicate work & increase costs. 🔥 STANDOUT QUOTE: “Defendants had already suffered a string of losses in the Bankruptcy Court in connection with this case.” That is PLAINTIFFS’ characterization of earlier discovery battles, not a finding that defendants committed manipulation. 🎯 PLAINTIFFS QUESTION “FORUM SHOPPING” — trying to get a case before a preferred court. In Reynolds, related to the Genius litigation, defendants cited a judge’s familiarity to support transferring that lawsuit. Here, plaintiffs say defendants discount the bankruptcy court’s deeper familiarity. 💬 They call that inconsistency “highly suggestive of forum shopping.” 👥 INVESTOR & TRUSTEE CLAIMS CAN STAY TOGETHER, PLAINTIFFS ARGUE. The trustee seeks recovery for the bankruptcy estate; Collins & the proposed investor class seek their own recovery. Plaintiffs say the bankruptcy court can handle both because they involve the SAME alleged conduct, defendants, securities & trading evidence. 📋 A CLASS ACTION DOESN’T AUTOMATICALLY REQUIRE A MOVE. Plaintiffs say bankruptcy courts can apply class-action rules & select a lead plaintiff under established standards. The case also does not depend on the trustee herself qualifying as lead plaintiff. 🦋 NWBO GETS A DIRECT MENTION. The filing cites the March 26, 2025 NWBO decision allowing manipulation claims against Citadel & Virtu to proceed. Plaintiffs use it to show that established law applies to similar spoofing allegations, not as proof MMAT’s allegations are true. ⚖️ A JURY TRIAL CAN COME LATER. Plaintiffs argue an eventual district court jury trial does not require moving the case NOW. Bankruptcy court can handle discovery & pretrial matters first. 📌 REQUEST: DENY THE TRANSFER — or postpone it until the case is READY FOR TRIAL. These are plaintiffs’ arguments, not a judge’s ruling. 📑 DOCUMENT 35 — ATTORNEY ADMISSION PAPERWORK 📄 4 pages, plus exhibits This notice supplies earlier bankruptcy court orders permitting JAMES W. CHRISTIAN, STEPHEN W. TOUNTAS & ABE A. ALEXANDER to practice in the matter. Filed communications with the clerk’s office, it says the attorneys are preparing electronic-filing & notification applications. 📎 EXHIBITS 1–3: Their petitions, local-counsel designations & approval orders. These concern permission to practice, not new manipulation evidence. ⏭️ WHAT’S NEXT: After any further briefing, the district judge could leave pretrial handling in bankruptcy court, take over now, or defer the move until trial readiness. These filings announce no decision date.