Burford shares plummeted after investment firm Muddy Waters Research called the third-party litigation funder "a perfect storm for an accounting fiasco." Burford said its accounting is sound and its cash position is strong.
August 07, 2019 at 11:44 AM
1 minute read
The original version of this story was published on American Lawyer
Shares in commercial litigation funding titan Burford Capital plunged on London’s AIM exchange on Wednesday, in response to a report from short-selling investment firm Muddy Waters Research.
Muddy Waters, which conducts investigative research on publicly-traded companies and takes investment positions that reflect its findings, called Burford ”a poor business masquerading as a great one”, concluding the company is “arguably already insolvent”.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
