Seeking to draw a distinction between itself and Burford Capital, Australian litigation funder IMF Bentham moved to reassure investors about its financial position after shares in London-listed Burford Capital plunged following a negative report by a short-selling investment firm.

Shares in Burford Capital dropped by as much as 64% on London’s AIM exchange after 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”, and concluded the company is “arguably already insolvent”.