Court blasts short-seller for ‘false’ Rural Funds Group allegations
Colin Kruger
Sydney Morning Herald, 12 February 2020
Rural Funds Group achieved a comprehensive legal victory over Texas-based short-seller Bonitas Research on Wednesday, as the NSW Supreme Court found that allegations against the real estate investment trust were “false in material particulars or were materially misleading”.
Bonitas sent RFG’s share price plunging in August last year after it released a report alleging RFG’s accounts included fabricated rental income and claiming the trust was ultimately worthless.
