Burford Capital adamant last week’s share price plunge was down to ‘illegal market manipulation’
Tom Howard, 12 August 2019
On 6 August alone, Burford reckons almost £90mln of sell orders were placed and cancelled, artificially driving down the value of its shares. Burford Capital Limited (LON:BUR) is adamant that last week’s share price plunge owed more to “illegal market manipulation” than any flaws in its business.
Last week, shares in the litigation funder plunged by more than a third after notorious US short-seller Muddy Waters accused it of “Enron-esque mark-to-model accounting” and “egregiously misrepresenting” its returns. Continue reading “Article: Burford Capital adamant last week’s share price plunge was down to ‘illegal market manipulation’”
