Shortseller 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 $1.5 billion from its market capitalization. Block's Muddy Waters research firm accused Burford of manipulating performance metrics, misleading investors, lacking portfolio strength, being short of cash, and misgovernance.
Short-seller Carson Block attacked Burford Capital on Wednesday, spurring investors to halve the British litigation financier's stock price, wiping $1.5 billion from its market capitalization. Block's Muddy Waters research firm accused Burford of manipulating performance metrics, misleading investors, lacking portfolio strength, being short of cash, and misgovernance.
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