Cycurion, Inc. (NASDAQ: CYCU) announced on September 29, 2026, that it has resolved a defamation lawsuit filed in the United States District Court for the Eastern District of Virginia. The case involved a defendant who published accusations against the company and its officers regarding fraud, securities violations, and stock manipulation under anonymous aliases. The company stated that these accusations were false.
Under the terms of the settlement, the defendant has signed a written retraction and apology. The defendant acknowledges that the accusations were false and lacked factual basis, and regrets the harm caused to Cycurion, its CEO, and its officers and directors. Cycurion is permitted to publish this signed document.
The agreement includes a permanent prohibition on the defendant making, publishing, or causing to be published any further statements that disparage the company or its leadership. The defendant is also barred from trading Cycurion securities or derivatives, advising others to trade them, or publishing analysis or opinion about the company on social media or public forums.
Additionally, the defendant has agreed to cooperate regarding short selling and naked short selling of Cycurion stock, as well as any coordination with other investors or market makers. The parties have filed a stipulated dismissal with prejudice, and a confession of judgment has been placed in escrow, with additional remedies available if the defendant fails to cooperate truthfully or breaches the agreement.
In a separate item reported on September 24, 2026, Mr. Emmit McHenry notified Cycurion of his resignation from the Board of Directors, effective immediately upon receipt of the resignation letter.
