Catalyst Capital files $450-million lawsuit accusing Anson Funds, West Face of short-selling ‘conspiracy’
Financial Post, 8 November 2017
Catalyst Capital Group Inc. has launched a lawsuit against Anson Group Canada, a privately held asset manager with operations in Canada and Texas, and Toronto-based private equity firm West Face Capital Inc., accusing them of participating in a “manipulative ‘short and distort’ campaign.”
The alleged target was publicly traded Catalyst subsidiary Callidus Capital Corp., claims the lawsuit, which dubs the Anson, West Face and several associated and unrelated individuals as “Wolfpack Conspirators.”
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Activist short-sellers are increasingly targeting Canadian companies — is Canada ready?
Barbara Shecter, 06 OCtober 2017
Early on the morning of May 31, San Francisco-based short-selling firm Muddy Waters LLC, best known in this country for the short report that toppled stock market darling Sino-Forest Corp. in 2011, posted a tantalizing message on the firm’s Twitter account.
“Good morning, Canada! MW is about to release a new short that we think is on its way to Zero,” the tweet read. Continue reading “Article: Activist short-sellers are increasingly targeting Canadian companies — is Canada ready?”