#USA #New York #Alex Spiro #Christian Lamarco #Tecnoglass Inc

Defamation Case Launched by Alex Spiro on Behalf of Tecnoglass

In a significant legal move, attorney Alex Spiro announced on September 11, 2025, the filing of a federal defamation lawsuit in the Southern District of New York. The lawsuit represents Tecnoglass Inc. (NYSE: TGLS) and its co-founders, José and Christian Daes. The legal action comes in response to allegations made by short-seller Christian Lamarco and his firm Shadyside Partners, LLC, which operates under the name Culper Research.

The crux of the lawsuit centers around false claims reportedly made by Culper Research, linking Tecnoglass and its management to the infamous Sinaloa cartel. According to the filing, the short-seller's intent was to manipulate the market, and gain profits from short positions by disseminating fabricated allegations. The purported documents on which these claims were based have been publicly discredited by the Mexican government as inauthentic.

In the filed complaint, Spiro not only highlights the baseless nature of the allegations but also points out a troubling history of similar defamation claims against both Lamarco and Culper Research. The dissemination of these false claims has resulted in a significant decline in Tecnoglass's stock prices and has adversely affected its reputation.

The lawsuit seeks substantial damages, including legal fees, and aims for a court order requiring the removal and retraction of the defamatory statements made by the respondents. The case has been identified as Tecnoglass Inc. v. Lamarco, 25-cv-7450, in the board of the U.S. District Court in New York, highlighting the seriousness with which Spiro and his clients are taking these allegations.

The Reputation of Quinn Emanuel

Spiro has partnered with Quinn Emanuel Urquhart & Sullivan, LLP, a law firm renowned for its expertise in business disputes, boasting a remarkable track record of winning around 86% of the cases it takes on. This firm, with over 1000 lawyers and recognized as the largest focused solely on economic disputes, adds substantial credibility to the case. Their lawyers have successfully represented numerous clients, accumulating nearly $80 billion in verdicts and settlements.

Quinn Emanuel has gained accolades not just for the volume of cases but also for the notable defense it provides against similar allegations aimed at their clients. Their reputation in litigation has earned them recognition among the most respected law firms worldwide.

The Impact of False Allegations

False information in today's digital landscape can spread rapidly, leading to substantial consequences for corporations and individuals. The case highlights the potential financial ruin that scandals can unfold through misinformation narratives often spun by deceptive actors aiming for quick financial gain. Lamarco and Culper Research’s actions have not only threatened the financial standing of Tecnoglass but also jeopardized its brand integrity.

With Spiro leading the fight, Tecnoglass aims to clear its name and recover from the reputational damages instigated by these allegations. As this case unfolds, it will undoubtedly serve as a significant reminder of the responsibilities companies and individuals have when engaging in market-related narratives.

Next Steps

The public awaits the proceedings in this critical case, which may set precedents regarding accountability in financial reporting and the repercussions of baseless allegations. As Tecnoglass pushes back against these damaging claims, it underscores the imperative role of truthful communication in the dynamic landscape of market investments. The outcome of this lawsuit has the potential not only to affect the parties involved but also to resonate throughout the industry, influencing how allegations are treated in future corporate litigations.