Article: Burford Loses Bid For LSE Trader Info In Short-Selling Attack

Article - Media

Burford Loses Bid For LSE Trader Info In Short-Selling Attack

Richard Crump, Ed Harris

Law360, 15 May 2020

Burford Capital has failed to win a court order to force the London Stock Exchange to hand over the names of traders that dealt in its shares. (iStock)

Judge Andrew Baker has refused to grant an application by Burford Capital Ltd. for a court order to force the exchange to hand over the names of traders that bought and sold the funder’s shares on Aug. 6 and 7, 2019.

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Article: Burford Capital loses fight to force London Stock Exchange to hand over confidential trading data

Article - Media

Burford Capital loses fight to force London Stock Exchange to hand over confidential trading data

Global Legal Post, 15 May 2020

Litigation funder Burford Capital has conceded defeat in an unprecedented battle with the London Stock Exchange (LSE) after the High Court rejected its application for the LSE to hand over confidential trading information.

Burford was seeking the identities of market participants trading in its shares in a bid to prove that its share price had been illegally manipulated during a sell-off that occurred after a heavily critical research report by hedge fund Muddy Waters last August.

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Web: Short Sales Bans in Response to the COVID-19 Pandemic

Web

Short Sales Bans in Response to the COVID-19 Pandemic

Barnabas Reynolds, Thomas Donegan, Russell Sacks

Shearman & Sterling,  1 April 2020

In the wake of the COVID-19 pandemic, numerous European jurisdictions, including France, Italy, Spain, Greece and Belgium have enacted short sale bans in an attempt to stabilize financial markets and maintain investor confidence. The following note provides an overview of these bans as well as an overview of the 2008 partial ban(s) on short selling by the U.S. in response to the financial crisis. To date, the United States has not yet indicated that it is considering a ban on short selling in response to market volatility due to the COVID-19 pandemic.

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Article: Regulators across Europe clash over bans on short selling

Article - Media

Regulators across Europe clash over bans on short selling

Philip Stafford, Laurence Fletcher, Robert Smith

Financial Times, 30 March 2020

France, Spain and Italy issued one-day prohibitions against betting on falling share prices for selected companies — and then longer bans of between one and three months, applied to all stocks listed on their domestic markets. Belgium, Austria and Greece swiftly followed suit, while Esma, the pan-European regulator, demanded tighter standards on reporting of short positions. Markus Ferber, an influential European MEP, urged a co-ordinated ban across the continent. But the clampdown has been partial.

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