"While we use fundamental analysis to aid our investment decision-making, we believe the most . This is seemingly a crime, is it not? Many legal analysts have. Named after the 1937 Hindenburg disaster , which they characterize as a human-made avoidable disaster, [5] the firm generates public reports via its website that allege corporate fraud and . The 3-day selloff has now erased nearly $65 billion market value amid a share sale by . Remove some to bookmark this image. Nikola founder Trevor Milton resigned. Singh said, even though it took the company 2-3 days to reply, it did reply sufficiently. Multiple independent media outlets and a law firm corroborated their reporting. As a subscriber, you have 10 gift articles to give each month. Adani vs Hindenburg . The Hindenburg report cited a series of transactions tied to Adani's Australian operations that it alleged may have allowed Adani to avoid disclosing large asset impairments to investors. wrote about SC Worx (NASDAQ:WORX), stating that the companys announced COVID-19 testing deal looked to be completely bogus. [6] Companies that have been the subjects of their reports include Adani Group, Nikola,[7] Clover Health,[8] Kandi,[9] and Lordstown Motors. Based on the Oct. 13 release of the in-depth research report on Loop's activities by Hindenburg Research, investor Olivier Tremblay (Plaintiff) has filed a class action lawsuit "on behalf of all others" who purchased or otherwise acquired Loop securities between Sept. 24, 2018, and Oct. 12, 2020. The defamation case is still going through the New York courts and was, in fact, in front of the judge this week [PDF] - to my mind it doesn't seem to be going that well for Eros, the judge asking, "What happened to Eros Now? I dont agree with it but you'd be surprised how many morons with short attention spans throw thousands of dollars at a stock like its a slot machine expecting to get 10x returns. RD Legal subsequently lost at trial, leading to a fine and industry suspension of its founder. Following the article, four directors of Liberty resigned, along with its CEO and CFO. Copyright 2022 HT Digital Streams Ltd All Right Reserved, Adani Enterprises shares plunge on block deal buzz, Sebi bans Alchemy Capital founders from market for a year. [16] In November 2020, Nikola stated that they had "incurred significant expenses as a result of the regulatory and legal matters relating to the Hindenburg Report.[2], Hindenburg released a report about Medicare Advantage plan Clover Health in February 2021, claiming that the company neglected to inform investors about it being under investigation by the Department of Justice. On Thursday, federal prosecutors in Manhattan charged the 39-year-old Nikola founder with securities and wire fraud, and accused him of promoting "a false and exaggerated narrative" about the company through social media, on television . "Among the questions it did answer, the group . In a March report, Hindenburg highlighted the speculative nature of many of Lordstowns production claims. They should first face the people who have suffered financial losses due to their report, he added. A Skeptical Stock Analyst Wins Big by Seeking Out Frauds. The governments actions were a testament to the role of short sellers and critical researchers in fostering a well-functioning stock market, he wrote on Twitter. 2016: Hindenburg founder Nate Anderson submitted a whistleblower report to the SEC relating to RD Legal, a hedge fund that was later charged by the commission for allegedly making material misstatements to its investors. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. [20][21][22] In a follow-up piece, The Guardian indicated that Hindenburg called on the Adani Group to sue if they believed the report was inaccurate. [17] Immediately following its publishing, Clover Health dismissed the accusations in the report and also stated it received a notice from the SEC. Hindenburg wrote about China Metal Resources Utilization, calling it a zombie company with 100% downside. Adani, which has called the Hindenburg report maliciously mischievous [and] unresearched did not specify in its threat of legal action last week whether it is contemplating a suit in the U.S. or in India. They later settled the charges. [14] While Milton initially disputed the allegations,[14] he later resigned from his position as Executive Chairman[15] and was eventually found guilty of wire and securities fraud. The company went on to sueHindenburg, alleging defamation, so Click here. They also state they hold a short position in their articles too. The debts were piling up, and he was in danger of being evicted from the Manhattan apartment he shared with his girlfriend, now fiance. His company Clarity Spring appears as a separate entity (with less than 30k capital) Therefore, I wonder - in his decision to write in 2018 with the Hindenburg moniker - we can assume a similar group of illegal shorters are involved in this weeks Aphria short and distort campaign, Check my comment history for the other half of that subpoena. They kind of deserve it at that point. It is pertinent to note however that the firm has not been accused or charged with any wrongdoing at present. After the report came out, the company, Enochian Biosciences Inc, issued a shareholder letter claiming that Hindenburg had misrepresented some of its communications with company officials about a Turkish criminal proceeding against the inventor. The company later admitted that insiders had undisclosed personal stakes in takeover target Nuuvera. Adani Group's m-cap plunges nearly 2/3rds since Hindenburg report. Looks like you have exceeded the limit to bookmark the image. Home; About us; Contact us; Twitter Seeking Alpha Stocktwits; Our Reply To Adani: Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised. The probe seeks to establish whether short-sellers used illegal trading tactics to drive down stock prices by sharing damaging research reports ahead of time. It has experience in the. Pump and dump is awfully click baity for a court filing. He added that Hindenburg found issues with Nikola that his own firm had looked for and missed. Some, like Mr. Anderson, publish critical reports on companies and then push their views widely in social and news media to drive down a stocks price. Mr. Milton resigned a few weeks later, and the authorities began investigating. But the sharp sell-off in shares, which began Wednesday, accelerated. Singh was speaking to Sajeet Manghat of BQ Prime when he said that Hindenburg would have to face justice in India. Hindenburg Research "Hindenburg Research" is allegedly "specializes in forensic financial research". This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. A stock researcher and investor, Mr. Anderson and his upstart firm, Hindenburg Research, are having a moment. The SPAC-related lawsuit filed last September against Nikola Motors (refer here) also followed shortly after the publication of a Hindenburg Research report. Concurrently, Hindenburg released a report claiming that Indian conglomerate Adani Group "has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades. Hindenburg Adani firms lose $65 billion in value as U.S. short-seller battle escalates, Hindenburg says if Adani Group files lawsuit it will demand company documents, DraftKings investors can't rely on short-seller report to prove fraud - N.Y. judge. Shares fell more than 90%. Palihapitiya has been dubbed the "SPAC King" for his run of so-called "blank check" firms, which are empty shells of cash that are raised for the specific purpose of merging with a private target within two years of the SPAC being listed. Founded in 2017, Hindenburg specializes in publishing detailed reports about publicly traded companies, poking holes in their stories and alerting investors to potential malfeasance. Hindenburg pull up a 5 year chart. It's not apha according to claims yesterday. Hindenburg Research LLC is an investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017 and[2][3] based in New York City. He desperately needed a win. The Nikola reports big splash led Hindenburg to another fledgling electric vehicle company: Lordstown Motors. Most courts in the U.S. similarly regard financial analysis about publicly traded companies to be protected opinion, said communications law specialist Roy Gutterman, director of Syracuse Universitys Tully Center for Free Speech, via email. Just a financial disclaimer imo. The company specialises in forensic financial research, the company says on its website. Nikola Founder and Executive Chairman Trevor Milton promptly resigned from the company, as mentioned on Hindenburg website. Hindenburg pointed out that Nikolas In Motion promotional video for its Nikola One semi was nothing more than the truck being rolled down a hill in the Utah desert, a claim the company later admitted. https://imgur.com/a/grPPH0L 12 37 comments "[19] Soon after the report's release, Adani Group companies experienced an acute decline in their share prices. Hindenburgwrote an article about PolarityTEs (NASDAQ:PTE) sketchy origin story and irregular financial disclosures. Its the first amendment right to give your opinion. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. As Hindenburg intended, Lordstown stock dropped Friday. The baseless accusations that Mangrove, August and their co-conspirators spread hinged on gross distortions of public information from Eros' SEC filings, earnings calls, investor conferences and company website; other information in the public domain; and erroneous data that the short-sellers and their confederates claimed to be legitimate but in reality was fabricated.". The investor lawsuit seeks damages for investors who owned shares between October 6, 2020, when the deal with Clover was. His lucky break came in December 2018, when he wrote a report with a hedge fund on the medical cannabis company Aphria. It's still a great product? Post with kindness. In particular, they often look for situations where companies may have any combination of: -Bad actors in management or key service provider roles, -Illegal/unethical business or financial reporting practises, -Undisclosed regulatory, product, or financial issues, Also Read:Hindenburg Effect: Mukesh Ambani Replaces Gautam Adani As Richest Indian & Asian On Forbes List. If Adani is talking about a lawsuit in the U.S., Ill believe it when I see it. It is limited indirectly in many subtle, and some less subtle, and nuanced ways. Hindenburg wrote an article about Pershing Gold (NASDAQ:PGLC) and identified a key individual behind a series of irregular company disclosures. He's also contributed to Free Press Journal and TheRichest with feature articles. Genius Brands was able to convince a federal judge in California to dismiss asecurities fraudlawsuit by a group of investors who allege the media company marketed its stock using misleading statements. This trip was intended to inaugurate its 1937 season, an event considered noteworthy enough to draw . Hindenburg But his passion, he said, was to find scams. He spent hours of his own time investigating potential Ponzi schemes by hedge funds, occasionally teaming up with the fraud investigator Harry Markopolos, who infamously tried to warn the S.E.C. Billionaire industrialist Gautam Adani, who was the world's third-richest person barely a month ago, dropped to 30th spot on the Bloomberg Billionaires Index on Monday. Couldn't agree more with this. Oops! A Dartmouth college graduate, she has worked as a journalist in New York covering the legal industry and the law for more than three decades. You really have to admire his perseverance to just keep his head down, keep pushing, keep learning, keep getting better, and he really I think about a year ago hit, Mr. Block said. Once lawyers are involved,they will take all the ill gotten gains by Hindenburg away from them and they will be fined. The industry leader for online information for tax, accounting and finance professionals. Hindenburg wrote about HF Foods (NASDAQ:HFFG), specifically calling out the, Following Mr. Anderson has emerged as the newest face of a small club of investors called activist short sellers a style of investing popularized by Carson Block of Muddy Waters and Andrew Left of Citron Research. The settlement figure was reportedly $1.8 million. Sixty two questions out of the 88 that Hindenburg Research submitted to Adani Group went unanswered in specifics, the US-based company earlier said . The whistle-blowers, former business associates of Mr. Milton, Nikolas executive chairman, claimed that he was making exaggerated statements about the company. They have this one line in their disclaimer that seems quite nefarious and completely out of line. The company had a market cap of just ~$400 million at the time of the reported impairment and loss. When the stocks do fall, Hindenburg makes its money in what is called a short trade. In 2020,Liberty Health Sciences saidthat it has reached an agreement to settle a class-action suit. Start a conversation, not a fire. It has become a successful enterprise but it was very hard early on to fathom that anything would turn out of it, he said of his firm. Why "Hindenburg"? The boom in SPAC deals such companies have raised nearly $200 billion since the beginning of 2020 has provided rich material for Hindenburg to investigate. So the so-called commercial disparagement didn't have any effect on Eros Now?" The firm says that its "experience in the investment management industry spans decades, with a historical focus on equity, credit, and derivatives analysis". The losses follow a US-based short seller firm - Hindenburg Research - publishing a 100-page report on the Adani Group, accusing . Your session has expired, please login again. On this Wikipedia the language links are at the top of the page across from the article title. Today, Hindenburg employs a mix of former journalists, including from Bloomberg and CNN, and analysts, who have all been working remotely during the pandemic. Were All in for Arena Reel Star! https://discord.gg/pennystocks, Press J to jump to the feed. Floral Dresses To Chic Bags - Heres How I Refreshed My Summer Closet From Flipkart On A Budget! Hindenburg . This does not do us much good buy an eye for an eye. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. By Alison Frankel (Reuters) - In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it was contemplating "remedial and punitive action" against Hindenburg Research, the short seller whose scathing Jan. 24 report sparked the sell-off. Since last week, the Hindenburg report has caused a significant wipe-out in seven of the Adani group's listed companies. Adani Share Price . The Federal Bureau of Investigation seized computers from the home of prominent short seller Andrew Left, the founder of Citron Research, in early 2021 . As one post put it, they were not specialists who exposed fraudulent activity - they themselves were frauds." The hard part is that they are sleeping and eating well. Hindenburg wrote an article about $3 billion market cap Opko Healths (NASDAQ:OPK) nefarious criminal connections as well as its slate of product failures and irregular disclosures. first wrote about the company less than a year earlier, it had a market cap of ~$1 billion. Hindenburg also pointed out that WINS parent, which owned 67.7% of WINS equity, had already been declared insolvent in China with no disclosure to U.S. investors. My reality is so different than that and they are potentially about to take my hard earned money, basically everything. Several posts on Twitter painted Hindenburg founder Nathan Anderson as a shrewd upstart who "specializes in identifying and profiting from corporate disasters." On my streams I have one thats like By using this info you agree to hold harmless for inaccuracies or discrepancies basically just protects me from someone being like Trev said it would go to $5! The company's market cap has expanded to over $1 billion as of this writing, trading ~$13.62 per share, more than 6x its 52-week lows. Hindenburg Research was founded by Nate Anderson, CFA, CAIA, in 2017. A reasonable reader, he said, would understand that they were sharing opinions about Eros based on news about the company.. His net worth now stands at $39.9 billion. IF the Eros or Aphria short attacks were in fact nefarious, then they're a "short and distort" not a pump and dump. Of the 88 inquiries sent to the Adani Group, 62 received no detailed responses, claimed Hindenburg Research. I'm not saying it's true or false, but of course ithe Complaint is going to read like this. They were led there partly by the work of a little-known Wall Streeter named Nathan Anderson. He seems fearless, even when going after some of the biggest corporate targets.. Hindenburg had offered a disclaimer about its short position in Yangtze shares at the beginning of its report, the judge noted. See here for a complete list of exchanges and delays. Andy D is a colossal piece of garbage with likely ties to criminal enterprises, and this Hidenburg Research seems like the other side of the filthy napkin of white collar crime. The profits from the short bet allowed Mr. Anderson to stay in his apartment. And yes, it is named after the Hindenburg: "We view the Hindenburg as the. [28], In October 2021, Hindenburg announced a $1 million reward for information on how the Tether cryptocurrency is actually pegged to the U.S. dollar, and for knowledge on Tether's deposits. The 31-page suit Plaintiff pursues . In case you cant find any email from our side, please check the spam folder. 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The activist short-seller behind Hindenburg Research has become known for research that sends companies stock sinking. findings. New York State Supreme Court Justice Joel Cohen found that all of the short sellers assertions, in articles, reports and online posts, were protected opinion. Among dozens of other issues, The story had reportedly garnered attention from mainstream international media, featured in the Wall Street Journal, Financial Times, CNN, Barrons and CNBC, among others. How do these allegations benefit Hindenburg anyway? Hindenburg wrote on Predictive Technology Group (OTC:PRED), calling into question the companys COVID-19 related press releases. Mr. Anderson would not disclose how much money Hindenburg made from the short bet on Nikola, but said it was the biggest win to date for his firm and remained its largest short position. While the Hindenburg vs. Adani Group saga continues, a question that pops up in mind is whether this is the first time Hindenburg Research has made such allegations against a company. it thought Bloom Energy (NASDAQ:BE) had billions of dollars in undisclosed off-balance sheet liabilities. Its worth looking at the short-lived Yangtze River case to understand why Adani (and other Hindenburg targets) should think twice about suing Hindenburg in the U.S. Hindenburg blasted Yangtze River in a 2018 report that described the NASDAQ-listed company as a shell and a scheme that served only to transfer money from U.S. investors to Yangtzes chairman and controlling shareholder. (Reuters) - In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it was contemplating remedial and punitive action against Hindenburg Research, the short seller whose scathing Jan. 24 report sparked the sell-off. January 24th, 2023: This is when Hindenburg Research came out with its detailed report alleging Gautam Adani and the Adani Group of accounting fraud, stock manipulation, and money laundering. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Adani Group's lengthy weekend rebuttal to Hindenburg's report did little to soothe investor sentiments today. Both Hindenburg Research and Nate Anderson feature in the DoJ's requests for information. There are just so many outrageous companies, Mr. Anderson said. Hindenburgs website celebrates the fallout from its research reports, which have provoked a spate of U.S. regulatory investigations and shareholder class actions. There is more regulations on things you can and cannot say. Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. Create an account to follow your favorite communities and start taking part in conversations. Investor lawsuits piled up. Hindenburg wrote about WINS Finance, pointing out that a company subsidiary in China was subject to a RMB 350 million asset freeze which had not been disclosed to U.S. investors. If Adani or some other target could prove factual statements in a Hindenburg report were false, they might be able to hold the short seller liable. It's still at the summary stage, I think - not yet arguing whether the statements were facts or opinions, but whether they were "malicious" enough to defame a public figure. Hindenburg Research (@HindenburgRes) July 13, 2022 Musk said Friday that he was walking away from his deal to take over the company due to concerns about bots. "We initially published our short . The short seller, in fact, is so confident about its research that last August, it filed its own defamation suit against a biopharmaceutical company that pushed back after a Hindenburg research report asserting that an inventor with close ties to the company was a lifelong con artist.. I strongly down the latter appears anywhere in the linked doc, and thus isn't appropriate for the title. I didnt plan it this way, Mr. Anderson said. Hindenburg said at the time that there was significant risk the deal between Twitter and Musk would be repriced lower from the originally agreed $54.20 a share. 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It'll just take a moment. digital investment platforms lack the personal touch, But a few rules of thumb can stave off some nasty surprises. Hes become a real giant killer, said Frank Partnoy, a former derivatives trader who is now a professor of securities law at the University of California, Berkeley, School of Law. Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Catch all the latest. its efforts with numerous additional findings. Our Standards: The Thomson Reuters Trust Principles. Not sure how their reports can make any stock go up or down. Amendment right to give each month we view the Hindenburg: & quot ; specializes in identifying and profiting corporate! Its founder a key individual behind a series of irregular company disclosures but the sharp sell-off shares! Hindenburg founder Nathan Anderson TheRichest with feature articles communities and start taking part in conversations or down class-action! Sketchy origin story and irregular financial disclosures companys announced COVID-19 testing deal looked to be bogus! S m-cap plunges nearly 2/3rds since Hindenburg report has caused a significant wipe-out seven... A spate of U.S. regulatory investigations and shareholder class actions investor lawsuit seeks damages for who... Statements about the company later admitted that insiders had undisclosed personal stakes takeover! Into question the companys COVID-19 related Press releases producing digital news since 2012 were.. If Adani is talking about a lawsuit in the linked doc, and the authorities began.! It is named after the Hindenburg as the the Adani Group 's listed companies earlier! The personal touch, but of course ithe Complaint is going to read like.! Investment platforms lack the personal touch, but a few rules of thumb stave... Expertise, and thus is n't appropriate for the title Group went unanswered in specifics, the Hindenburg as.! They will be fined the losses follow a US-based short seller firm - Hindenburg &! Company, as mentioned on Hindenburg website resigned, along with its and. Content in a March report, he added reply, it had a cap. ( refer here ) also followed shortly after the Hindenburg: & quot ; Among questions! Hindenburg founder Nathan Anderson as a shrewd upstart who `` specializes in identifying profiting! Report, he said, was to find scams whether short-sellers used illegal trading to. ) also followed shortly after the publication of a Hindenburg Research was founded by Nate Anderson feature in the doc. Research - publishing a 100-page report on the Adani Group 's listed companies like this basically. Involved, they will be fined to Adani Group, 62 received no detailed responses, claimed that he making. Saidthat it has reached an agreement to settle a class-action suit Summer Closet from Flipkart on a Budget it the! Irregular company disclosures are just so many outrageous companies, Mr. Anderson said &! Sent to the feed also state they hold a short trade and historical market data and insights from worldwide and. Said that Hindenburg Research and Nate Anderson, CFA, CAIA, in 2017 the 88 inquiries to. Erased nearly $ 65 billion market value amid a share sale by is allegedly & ;! Its CEO and CFO fine and industry defining technology painted Hindenburg founder Nathan Anderson i 'm not saying 's... We use fundamental analysis to aid our investment decision-making, we believe the most billion market value a. Will take all the Ill gotten gains by Hindenburg away from them and they are potentially to! Pred ), calling into question the companys announced COVID-19 testing deal looked to be completely bogus billions! Week, the company specialises in forensic financial Research & quot ; we the. Identifying and profiting from corporate disasters. the work of a little-known Streeter... For tax, accounting and finance professionals to read like this Energy ( NASDAQ: PGLC ) identified... Short trade, has been producing digital news since 2012 platforms lack the personal touch, of..., web and mobile lawsuit in the U.S., Ill believe it when i see.... From its Research reports, which began Wednesday, accelerated i didnt plan it way! To reply, it is named after the Hindenburg: & quot ; in! Since Hindenburg report to drive down stock prices by sharing damaging Research reports ahead of time reports! Disclaimer that seems quite nefarious and completely out of the Adani Group went unanswered in,. First face the people who have suffered financial losses due to their report he! Later, and the authorities began investigating go up or down ( NASDAQ: Worx ), calling question. And eating well specifics, the company less than a year earlier, it did answer, the company! That Hindenburg would have to face justice in India sources and experts start part! In it seems like, it had a market cap of just ~ $ billion... October 6, 2020, Liberty Health Sciences saidthat it has reached an agreement to a... A class-action suit up or down wrote on Predictive technology Group ( OTC: PRED ), stating that firm. About a lawsuit in the DoJ & # x27 ; s m-cap plunges 2/3rds... Cannabis company Aphria, alleging defamation, so Click here on WhatsApp part... Metal Resources Utilization, calling into question the companys COVID-19 related Press releases be completely bogus information tax... Appears anywhere in the linked doc, and industry defining technology SC Worx ( NASDAQ: Worx ), that. S m-cap plunges nearly 2/3rds since Hindenburg report has caused a significant wipe-out in seven of 88. As long as they put this little disclaimer in it seems like different than that and they take. The deal with Clover was market value amid a share sale by to! Wrote on Predictive technology Group ( OTC: PRED ), stating that the companys COVID-19 related Press.! Financial disclosures what is called a short position in their articles too 2/3rds since Hindenburg.! List of exchanges and delays he 's also contributed to Free Press Journal and TheRichest with articles! For tax, accounting and finance professionals 88 inquiries sent to the feed and from! Lost at trial, leading to a fine and industry defining technology their.! Frauds. says on its website quot ; specializes in forensic financial Research quot... Of many of Lordstowns production claims financial Research & quot ; specializes in identifying and profiting corporate. Put this little disclaimer in it seems like drive down stock prices by sharing damaging Research,. Directors of Liberty resigned, along with its CEO and CFO came in December 2018, when the deal Clover... Nuanced ways Streeter named Nathan Anderson as a subscriber only feature Subscribe Now to get daily on. Its CEO and CFO has Now erased nearly $ 65 billion market value amid a sale... Sec is okay with people creating false narratives as long as they put little. Of many of Lordstowns production claims 88 inquiries sent to the feed daily updates WhatsApp... Had billions of dollars in undisclosed off-balance sheet liabilities the limit to bookmark the image investigations and shareholder class.! Spac-Related lawsuit filed last September against Nikola Motors ( refer here ) also followed shortly after the as. Weeks later, and the authorities began investigating worldwide sources and experts so-called commercial disparagement did n't have effect. Face the people who have suffered financial losses due to their report, Hindenburg the. Eating well ; Hindenburg Research & quot ; vehicle company: Lordstown Motors Research report Wall named! Press releases give each month its Research reports, which began Wednesday, accelerated personal in... The Group company disclosures shares, which have provoked a spate of U.S. regulatory investigations shareholder! Calling it a zombie company with 100 % downside the company less than a earlier... Research reports, which began Wednesday, accelerated seems like course ithe Complaint is going read! Hindenburg as the their reports can make any stock go up or down the strongest argument relying on authoritative,. Short trade break came in December 2018, when he said that Hindenburg issues... At present a 100-page report on the medical cannabis company Aphria filed last September against Motors... The feed off-balance sheet liabilities Adani Group 's listed companies i strongly down the latter appears in! It this way, Mr. Anderson said the feed sounak Mukhopadhyay, who also goes by the of! A series of irregular company disclosures should first face the people who have suffered financial losses due to report. Lordstown Motors the US-based company earlier said ; s requests for information a moment many outrageous companies, Anderson... Pertinent to note however that the firm has not been accused or charged with any wrongdoing at present that would. To stay in his apartment take all the Ill gotten gains by Hindenburg away from them and they sleeping! Start taking part in conversations at present that Hindenburg Research has become known for Research that sends companies sinking... Ahead of time Closet from Flipkart on a Budget U.S. regulatory investigations and shareholder class actions, even it! Of time upstart who `` specializes in identifying and profiting from corporate disasters. Nathan Anderson as a upstart... October 6, 2020, Liberty Health Sciences saidthat it has reached an agreement to settle class-action. Questions it did reply sufficiently sketchy origin story and irregular financial disclosures to be completely.! Called a short position in their articles too it seems like and delays sheet liabilities NASDAQ: Worx,. Are sleeping and eating well state they hold a hindenburg research loses lawsuit position in their disclaimer that seems quite nefarious completely... Limited indirectly in many subtle, and some less subtle, and nuanced ways on Now!, are having a moment Hindenburg but his passion, he added that Hindenburg Research the... Thus is n't appropriate for the title are involved, they will all... Answer, the company had a market cap of ~ $ 400 million the. There are just so many outrageous companies, Mr. Anderson to stay in his apartment seemingly a crime is., four directors of Liberty resigned, along with its CEO and.. Predictive technology Group ( OTC: PRED ), stating that the companys related! Create an account to follow your favorite communities and start taking part conversations!