Article: Callidus Capital files suit over ‘wave of short attacks’ against firm

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Callidus Capital files suit over ‘wave of short attacks’ against firm

Christina Pellegrini

The Globe and Mail, 8 November 2017

Callidus Capital Corp. has filed a lawsuit against a group of investors and borrowers in Canada and the United States for allegedly working in concert to drive down the price of the distressed-debt lender’s shares.

The Toronto-based company filed the lawsuit on Tuesday in an Ontario court. It is suing a group of investment firms – which it calls the “wolfpack conspirators” – that includes private-equity firm West Face Capital Inc., hedge fund Anson Group and several companies related to it, and ClaritySpring Inc.

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