DBGI Launches Legal Actions & Investigation on Naked Shorts, Retains Christian Attar & ShareIntel to Expose Naked Shorting, Spoofing, Market Manipulation, Collusion, Acting in Concert, Violations of 4.99% Rule, and Using Foreign Partners as Nominees

About this update from Digital Brands Group, Inc.

AUSTIN, Texas, July 06, 2026--(BUSINESS WIRE)--DBGI Corp. (NASDAQ:DBGI) a publicly traded company specializing in eCommerce and fashion today announced that announces that the Company has retained the law firm of Christian Attar, a recognized market manipulation and naked short litigation firm located in Houston, Texas, to an investigation of any potential naked short selling or other market manipulation of common shares of Digital Brands Group. Additionally, the Company engaged Shareholder Intelligence Services, LLC (ShareIntel) in June 2026 to support efforts to investigate and address potentially illegal trading activity. This includes suspected naked short selling and market manipulation involving the Company's common stock. The decision to engage Christian Attar and ShareIntel follows an internal review of trading patterns that raised concerns regarding potential violations of securities laws, including naked shorting, spoofing, market manipulation, collusion, acting in concert, multiple violations of the 4.99% rule, using foreign silent partners as nominees and transfer agent discrepancies. ShareIntel will track all shareholder data, including share ownership, purchases, sales and custody by individuals, institutions, broker-dealers, clearing agents and custodians, to enable the Company to better understand the trading, settlement, and beneficial ownership of its common shares and communicate findings to shareholders. Christian Attar (and predecessor firms) along with various other partner firms have during the past 24 years, successfully prosecuted and collected tens of millions of dollars in damages on behalf of their clients from broker-dealers, and/or analyst firms and/or other Wall Street entities who have engaged in a variety of market manipulation schemes. Digital Brands Group will not passively permit unscrupulous manipulators to destroy the market value of its shares and will thoroughly investigate and aggressively prosecute through counsel, any party that is responsible for its losses. The Company and its legal team intend to provide all evidence of and records of activity to the appropriate authorities (e.g., Department of Justice, Securities and Exchange Commission, Ontario Securities Commission). About Digital Brands Group We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We hav...

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