Markets

Short-seller Carson Block just called this Woodford-backed firm ‘Enron-esque’ — and the stock plunged 51%

Short-seller Carson Block attacked Burford Capital on Wednesday, spurring investors to halve the British litigation financier’s stock price, wiping $US1.5 billion from its market capitalisation. Block’s Muddy Waters research firm accused Burford of manipulating performance metrics, misleading investors, lacking portfolio strength, being short of cash, and misgovernance. Burford said that […]
Short-seller Carson Block just called this Woodford-backed firm ‘Enron-esque’ — and the stock plunged 51%
Markets

German payments-company Wirecard is suing the Financial Times for its coverage

The German payments-company Wirecard is suing the Financial Times over its investigative reports into its business practice, according to Reuters. Wirecard has been the focus of a series of articles in the Financial Times which the company alleges used and misrepresented business secrets. The Financial Times’ reporting has hit Wirecard’s […]
German payments-company Wirecard is suing the Financial Times for its coverage