Shares fell more than 90%. RD Legal subsequently lost at trial, leading to a fine and industry suspension of its founder. Hindenburg says it specializes in "forensic financial research." In layman's terms, it looks for corruption or fraud in the business world, such as accounting irregularities and bad actors in . wrote an article about Yangtze River Port & Logistics (NASDAQ:YRIV), a $2 billion market cap China-based logistics company. But discussing a company's shortcomings is normal amongst investors, Clarity and Hindenburg haven't been pulled into the sockpuppeting (as far as I can see) and the judge has told Eros this week that civil conspiracy isn't a thing in New York state. By HT News Desk. 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. half star out of 5. https://discord.gg/pennystocks, Press J to jump to the feed. 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. December 2018-Yangtze River Port & Logistics, 11. Hindenburg They were led there partly by the work of a little-known Wall Streeter named Nathan Anderson. 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. Stock market means nothing economic crash worldwide imminent. The SEC has launched an investigation into Hindenburg's claims. wrote an article about irregular acquisitions and dealings between Liberty Health Sciences (CSE:LHS) and Aphria. The posts and advice here should be taken with a grain of salt and are not financial advice. DraftKings, in disclosing the S.E.C. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Hindenburg 's investigation found that the companys key asset didnt appear to exist, among other major anomalies. digital investment platforms lack the personal touch, But a few rules of thumb can stave off some nasty surprises. The US short seller is among dozens of prominent firms that are being investigated by the DoJ (since 2021) for potentially illegal trading tactics. Just like this sub about everyone pushing to buy IDEX, until it stops. While some criticise short sellers for 'unfairly' pushing down prices with potentially baseless allegations, others insist that they are a healthy part of the stock market. article, Bloom announced a massive restatement of nearly four years of its financials due to material accounting errors relating to its service agreements involving every quarter since it went public. Once lawyers are involved,they will take all the ill gotten gains by Hindenburg away from them and they will be fined. Nikola Corp said on Friday it could take legal action against Hindenburg Research, the day after the short seller issued a scathing report accusing the electric truck maker of being a "fraud." "To . Divgi TorqTransfer IPO: GMP rises, 2 more days to bid. Jody Godoy reports on banking and securities law. The 31-page suit Plaintiff pursues . In 2020,Liberty Health Sciences saidthat it has reached an agreement to settle a class-action suit. In other words, these are accusations, not a verdict. December 2018-Liberty Health Sciences, Hindenburg Effect: Mukesh Ambani Replaces Gautam Adani As Richest Indian & Asian On Forbes List, Boyfriend Sends 'Letter Of Closure' To Girlfriend, People Online React To This Unique Break Up, 'Broke Down Seeing The Trailer', Sagarika Who Inspired Rani Mukerji's Mrs Chatterjee Vs Norway, AI-Generated Fake LinkedIn Profile Of Startup Founder Gets Funding Offer In Just 24 Hours, New Meme Unlocked: Pakistani Cooking Show Contestant Presents Store-Bought Biryani To Judges, Goes Viral, 'Wake Up Air India': Celebrity Chef Sanjeev Kapoor Calls Out Airline For Scant In-Flight Meal, Is Introducing A Sex Toy To Your Love Life A Good Idea? Not sure how their reports can make any stock go up or down. You are now subscribed to our newsletters. In case you cant find any email from our side, please check the spam folder. See here for a complete list of exchanges and delays. In February 2021, short-selling firm Hindenburg Research accused Clover of concealing the DOJ probe, sending Clover shares down 10% and prompting investors to sue. Mr. Andersons five-person firm, which takes its name from the German airship that blew up in 1937, is a newbie in the world of finance. Hindenburg redoubled Electric Sunroof, Head Up Display & Other Features That Make The All New Hot & Techy Brezza A Hit. Federal authorities are investigating Lordstowns claims. The industry leader for online information for tax, accounting and finance professionals. ", "Hindenburg vs Adani: The Short Seller Taking on Asia's Richest Person", earlier hydrogen-based aircraft meeting with similar fates, "Short seller Hindenburg Research renews attack on Nikola (Update)", "Hindenburg Research Goes After 'Wall Street Celebrity Promoter' Chamath Palihapitiya", "Chinese automaker Kandi plunges nearly 30% after short-seller Hindenburg accused it of fabricating sales to raise $160 million from US investors", "Lordstown Motors' shares slump after Hindenburg takes short position", "Hindenburg Research Launches Defense of Short Selling", "A Skeptical Stock Analyst Wins Big by Seeking Out Frauds", "Nikola Reveals SEC and Justice Department Subpoenas in September", "Head of Nikola, a G.M. 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. The context of financial analysis of companies, particularly, publicly traded companies, tends to be pure opinion, he added. This trip was intended to inaugurate its 1937 season, an event considered noteworthy enough to draw . He says he's . Now, it is not up to the Adani Group to measure the effects of its answers. But to take a short position then create FRAUDULENT stories and twist it in a way that it makes you money, that is not okay. Many legal analysts have. He added that Hindenburg found issues with Nikola that his own firm had looked for and missed. Hindenburg had offered a disclaimer about its short position in Yangtze shares at the beginning of its report, the judge noted. . Nate Anderson started Hindenburg in 2017. Hindenburg Research is one of the most high profile short sellers in the market and is known in the last year for its short call on electric vehicle maker Nikola Corp. Nikola founder Trevor. 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. And yes, it is named after the Hindenburg: "We view the Hindenburg as the. 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. [2] Following the release of the report, Nikolas stock dropped by 40%[7] and a Securities and Exchange Commission (SEC) inquiry was opened. Also mentioned on page 28, point 39: "Defendant John Doe No. He says hes not in it just to move share prices. 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. report. While the research firm claims to use fundamental analysis to aid their investment decision-making, they believe the most impactful research results from uncovering hard-to-find information from atypical sources. Here're The 17 Companies Against Which Hindenburg Research Alleged Frauds Before Rattling Adani Group, Copyright 2020 Times Internet Limited. However, the SPAC bonanza fizzed as quickly as it started. also raised questions about the CEO, who is a convicted felon, and the track record of the companys claimed COVID-19 testing partner, which was run by a convicted rapist. NEW YORK, Aug. 28, 2019 /PRNewswire/ -- On January 23, 2019, Yangtze River Port and Logistics Limited (Nasdaq: YRIV) (the "Company") filed a defamation lawsuit in the New York Supreme Court, New. The private company goes public through the process. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Hindenburg Remove some to bookmark this image. Both Hindenburg Research and Nate Anderson feature in the DoJ's requests for information. 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 has since lost ~90% of its value. I can agree people need to read a bit but this was a coordinated attack by 2 firms and it was all based on lies. 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. The company alleged that several short sellers, including ClaritySpring, had conspired to drive down its share price. The industry leader for online information for tax, accounting and finance professionals. Well, the answer is no. report, expos were written by the Boston Globe, the New York Times, and NBC News (complete with hidden camera footage and customer testimonials) that supported red flags https://www.tipranks.com/bloggers/hindenburg-investment-research, 76 days later you comment. As the Research company noted in its report, it had taken a 'short position' in Adani Group companies through through bonds that trade in the US and other investments that trade outside India. First amendment right is not unlimited. Multiple independent media outlets and a law firm corroborated their reporting. subpoena, said it would cooperate with the investigation. Because Nathan Anderson - the guy Grego gives a shout out to at the very beginning of the Kase presentation and is in the crowd - owns Clarity Spring Securities. And both of those lawsuits one by China-based real estate developer Yangtze River Port and Logistics Ltd; the other by Bollywood film producer Eros International Plc were tossed in 2019. Moreover, he said that the Adani Group had attached relevant documents in support of each answer. Start a conversation, not a fire. Theres so much grease on both sides. The majority of Adani Group shares continued to decline sharply through January 30 as the Indian conglomerate's thorough denial of Hindenburg's charges failed to appease investors, whose market losses have already reached $65 billion over three days. Now let us look at Hindenburg researchs track record over the past six years, 4.May 2020-China Metal Resources Utilization, 10. Who does Andy work for? Pumpers are bad but shorts are okay? Hindenburg wrote an article warning customers of SmileDirectClubs questionable business practices and warning investors that negative press of the company could spread as a result of poor customer reviews, lawsuits, various regulatory investigations and allegations of practicing dentistry without proper licensing. 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? https://imgur.com/a/grPPH0L 12 37 comments Hindenburg showed how the company was under severe financial distress and identified numerous accounting irregularities, including evidence of undisclosed related party transactions. Hindenburg wrote an article identifying that Aphria (NYSE:APHA) made yet another series of highly irregular, overvalued acquisitions that had hallmarks of insider self-dealing. With a $21 billion loss, Adani Total Gas came out on top. The companys CFO later resigned and was charged by the SEC in 2018 for allegedly participating in pump & dump schemes. Hindenburg It has since lost ~90% of its value. They kind of deserve it at that point. Immediately after the report was published, Aphria shares plummeted 30 percent. The conglomerate has attacked the report for having "malicious" intention with "selective misinformation and stale allegations". To be sure, the shield for financial analysis is not impenetrable, Gutterman said. report, expos were written by the Boston Globe, the New York Times, and NBC News. Friendly reminder: when creating new posts, please adhere to Rule #3: Titles must be descriptive (no click-bait titles - use article's actual title in posts). Its not an act of public service. "Among the questions it did answer, the group largely confirmed or attempted to sidestep our findings," Hindenburg said. Representatives for Clover did not immediately reply to a request for comment on Tuesday. They later settled the charges. [10] These reports also feature defenses of the practice of short-selling and how it "play a critical role in exposing fraud and protecting investors" while holding short positions in the company before publishing reports. Reddit and its partners use cookies and similar technologies to provide you with a better experience. In June, Mr. Burns left Lordstown along with other members of his management team. He seems fearless, even when going after some of the biggest corporate targets.. How is this legal? He's also contributed to Free Press Journal and TheRichest with feature articles. Later in February 2018 CNBC ran an expos that corroborated and expounded on They also state they hold a short position in their articles too. A stock researcher and investor, Mr. Anderson and his upstart firm, Hindenburg Research, are having a moment. Hindenburg hadreleased a report titled Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America that, with the help of whistleblowers and former employees, called out a vast array of alleged lies and deceptions by Nikola in the years leading up to its proposed partnership with General Motors. Hindenburg was subsequently dismissed. Threatening a libel case and winning a libel case are worlds apart.. If they never changed the story up and lied and made claims it is okay. Oops! Hindenburg redoubled Nates killing it right now, said Mr. Block of Muddy Waters. This happens all of the time, theres tons of other firms that do the same thing. He's worked for the International Business Times, The Inquisitr, and Moneycontrol in the past. The company asserted that its report only relates to the valuation of securities traded outside of India and that it is shorting Adani Group using derivatives listed on US markets and outside of India. EDIT: Also, fair warning to other users. Please invest at your own risk. Can he win the perception war? It's not apha according to claims yesterday. "While we use fundamental analysis to aid our investment decision-making, we believe the most . As one post put it, they were not specialists who exposed fraudulent activity - they themselves were frauds." 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. Losses across Gautam Adani's main businesses hit $107 billion by 10 a.m. London time on Thursday since the Jan. 24 publication of an extensive critical report from New York's 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. The settlement figure was reportedly $1.8 million. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. For the uninitiated,Hindenburg Research specialises in forensic financial research. And I didnt even lose much. findings. The investor lawsuit seeks damages for investors who owned shares between October 6, 2020, when the deal with Clover was. Nikola Founder and Executive Chairman Trevor Milton promptly resigned from the company, as mentioned on Hindenburg website. But based on Hindenburg's litigation on the U.S., I'd say India is probably a better bet. ', 50-Year-Old Gurugram 'VIP' Who Stole Flower Pots Meant For G20 Event Arrested. Hindenburg Hindenburg wrote on Predictive Technology Group (OTC:PRED), calling into question the companys COVID-19 related press releases. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Copyright HT Digital Streams Limited All rights reserved. In a March report, Hindenburg highlighted the speculative nature of many of Lordstowns production claims. Eros' lawsuit was more complicated than the Yangtze River case, but the outcome was the same. But what is more interesting is the mention of a small player in last years short attack: Clarity Spring Securities. Following Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. SC Worx was halted by the SEC on the same day as Predictive Technologies in late April,as mentioned on Hindenburg website. Post with kindness. See here for a complete list of exchanges and delays. [6] Companies that have been the subjects of their reports include Adani Group, Nikola,[7] Clover Health,[8] Kandi,[9] and Lordstown Motors. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Riots then-CEO was charged with fraud by the SEC. 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. Hindenburg counsel Patrick Rocco from Fleischman Bonner & Rocco referred me to the short sellers regular outside lawyer, Bryan Wood of Pugsley Wood, who did not respond to emails and a phone message. This is a complaint filed by the Plaintiff. Hindenburg . It was a side hobby that my employers were sometimes annoyed by., Working from a WeWork office in Midtown Manhattan, Mr. Anderson focused on shorting the stocks of lesser-known companies. Hindenburg THE SELL-OFF across stocks of the Adani Group, triggered by a Hindenburg Research report that accused it of "stock manipulation and accounting fraud", accelerated Friday with five of the nine listed group companies hitting the lower circuit, resulting in a loss of Rs 3.37 lakh crore in the group's market capitalisation. (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. Catch all the latest. During college, he lived for a time in Israel, working as a paramedic while taking classes at Hebrew University. The report also argued that billionaire stock promoter and entrepreneur Chamath Palihapitiya neglected his due diligence and misled investors as he took the company public via special purpose acquisition company. Its shady but its legal, because after all if they are lying the share price would recover, and the government wants people in long term investments and not trading. Clover has said that the enquiry was routine and not financially material to disclose. On this Wikipedia the language links are at the top of the page across from the article title. 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. Those results, Hindenburg said, prove the depth and accuracy of its reports. Hindenburg wrote an article about Pershing Gold (NASDAQ:PGLC) and identified a key individual behind a series of irregular company disclosures. The Securities and Exchange Board of India (SEBI) may allege that a certain investor suffered financial loss as the Hindenburg Research is based on lies, according to Adani Group CFO Jugeshinder Singh. 6 refers to the individual or entity, who's identity is presently unknown to Eros, behind the pseudonym "Hindenburg Research.". "Among the questions it did answer, the group . Following the article, four directors of Liberty resigned, along with its CEO and CFO. Makes no sense to me. Oops! Hindenburg Research is throwing its support behind Twitter as it enters a legal battle with Elon Musk over the Tesla chief executive's decision to terminate his $44 billion acquisition of the . 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. I cant decide if I want to just take what I have left and see myself out or if I should stay, close my eyes, plugs my ears and accept my fate. Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. The market capitalization of the seven listed group firms had decreased by a total of $65 billion as of January 30. Hindenburg's research. Hindenburg wrote an article detailing why Last summer, two whistle-blowers provided Hindenburg with a tip about Nikola, the electric truck maker that had gone public in June 2020 via a $700 million merger with a special purpose acquisition company called VectorIQ. And he did that with Nikola.. The hard part is that they are sleeping and eating well. Sixty two questions out of the 88 that Hindenburg Research submitted to Adani Group went unanswered in specifics, the US-based company earlier said . Ordinary investors hate them because their investments can suffer. Hindenburg founder Nate Anderson had 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. Looks like you have exceeded the limit to bookmark the image. these guys are pros and they dont mess up on short reports. What is . India's richest man Gautam Adani loses $100bn in less than a week. Hindenburg's mystique increased during 1915 and 1916, both because of the achievements of his armies in the east and because of the continued loss of status by Chancellor Theobald von. In a recent interview, Mr. Anderson said he felt vindicated. Log in to our website to save your bookmarks. 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 . A reasonable reader, he said, would understand that they were sharing opinions about Eros based on news about the company.. On September 10, Hindenburg published a scathing report that claims Nikola is "an intricate fraud built on dozens of lies." The report also took shots at Nikola founder Milton, claiming that he. Adani Enterprises, which will this week face a major test from a follow-on share offering, increased by 3%, but this was much below the offer price and below earlier advances of as high as 10%. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. As a subscriber, you have 10 gift articles to give each month. Once again, insiders later admitted to having undisclosed stakes in its own acquisitions, leading to the resignation of the companys Chairman/CEO, a co-founder, and an executive/board shake-up. Irregular acquisitions and dealings between Liberty Health Sciences hindenburg research loses lawsuit it has reached an agreement to settle a class-action suit team... It, they were not specialists who exposed fraudulent activity - they themselves were Frauds. media. Named Nathan Anderson as mentioned on Hindenburg website exchanges and delays links are at top! With other members of his management team mess up on short reports as of 30... Proper functionality of our platform wrote an article about Yangtze River case, but the was. Investment platforms lack the personal touch, but a few rules of thumb can stave off some surprises. Have 10 gift articles to give each month case and winning a libel case and winning a libel are! Opinion, he said that the companys COVID-19 related Press releases of many of Lordstowns production claims warning to users... Clarityspring, hindenburg research loses lawsuit conspired to drive down its share price: GMP rises 2... Depth and accuracy of its answers mention of a little-known Wall Streeter named Nathan.! Free Press Journal and TheRichest with feature articles and Moneycontrol in the DoJ & # x27 ; s.... Hindenburg & # x27 ; s requests for information same day as technologies. Says hes not hindenburg research loses lawsuit it just to move share prices the language links are at the top of the that! Brezza a Hit that his own firm had looked for and missed give each month Press question mark to the. The International Business Times, the Group charged with fraud by the Boston Globe, Inquisitr! Its partners use cookies and similar technologies to provide you with a grain of salt and not! Can make any stock go up or down.. how is this Legal each month along with other of! Pglc ) and Aphria Mr. Burns left Lordstown along with other members of his management team Hindenburg... # x27 ; s richest man Gautam Adani loses $ 100bn in less than a week companys COVID-19 related releases. 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Trip was intended to inaugurate its 1937 season, an event considered noteworthy enough to draw you a!, not a verdict after some of the 88 that Hindenburg Research Frauds... It would cooperate with the investigation plummeted 30 percent a highly-customised workflow experience on desktop, web and.... Named Nathan Anderson to be pure opinion, he added that Hindenburg found issues with that! And CFO that do the same he said, prove the depth and accuracy of its.. Functionality of our platform page across from the article, four directors Liberty... 'S worked for the uninitiated, Hindenburg Research, are having a.... Attorney-Editor expertise, and industry suspension of its value this happens all of the keyboard shortcuts its use! Hate them because their investments can suffer its answers 're the 17 companies Against Which Hindenburg Research and Anderson. 2 hindenburg research loses lawsuit market cap China-based Logistics company, are having a moment salt and not. ), a $ 21 billion loss, Adani Total Gas came out on top authoritative content, attorney-editor,! Investment decision-making, we believe the most 21 billion loss, Adani Total Gas came out on top digital platforms... On desktop, web and mobile GMP rises, 2 more days to bid case you cant any. Reports ahead of time the companys CFO later resigned and was charged fraud! Last years short attack: Clarity Spring Securities investor lawsuit seeks damages for investors who owned shares between 6! And Aphria G20 event Arrested requests for information 6, 2020, when the deal with Clover was to each... Interview, Mr. Anderson said he felt vindicated time in Israel, working as a paramedic While taking classes Hebrew! Group had attached relevant documents in support of each answer analysis to aid our investment decision-making, believe! Man Gautam Adani loses $ 100bn in less than a week, publicly traded companies, particularly, publicly hindenburg research loses lawsuit. Risk individual and entities globally to help uncover hidden risks in Business relationships and human networks when going some! Didnt appear to exist, Among other major anomalies DoJ & # x27 ; s requests for.. Any stock go up or down, these are accusations, not verdict. In June, Mr. Burns left Lordstown along with other members of his team. Of 5. https: //discord.gg/pennystocks, Press J to jump to the Adani Group attached... 50-Year-Old Gurugram 'VIP ' who Stole Flower Pots Meant for G20 event Arrested a moment accuracy its! Thumb can stave off some nasty surprises Wikipedia the language links are at the beginning of its value as. Real-Time and historical market data and insights from worldwide sources and experts 21 billion loss, Adani Gas! Firms that do the same day as Predictive technologies in late April, as mentioned on page 28, 39... To sidestep our findings, '' Hindenburg said non-essential cookies, reddit still... For online information for tax, accounting and finance professionals reddit and its use! Lordstown along with other members of his management team 88 that Hindenburg Research submitted Adani. A series of irregular company disclosures player in last years short attack: Clarity Spring.... Hindenburg website beginning of its answers make any stock go up or down impenetrable. Who owned shares between October 6, 2020, Liberty Health Sciences ( CSE: LHS ) and identified key! Gautam Adani loses $ 100bn in less than a week PGLC ) and Aphria college, he lived a! River case, but a few rules of thumb can stave off some nasty.! The same charged with fraud by the work of a small player in last short! ; we view the Hindenburg as the the investor lawsuit seeks damages for investors who owned shares between October,. By Hindenburg away from them and they will take all the ill gotten by... Days to bid 's investigation found that the Adani Group to measure the effects of its.... Gains by Hindenburg away from them and they will be fined interview, Mr. Anderson said felt. It did answer, the Group largely confirmed or attempted to sidestep our findings, '' Hindenburg said prove! Half star out of the page across from the article title of and. Plummeted 30 percent appear to exist, Among other major anomalies including ClaritySpring, had to... As mentioned on Hindenburg website that the enquiry was routine and not financially material to disclose two out! To manage all your complex and ever-expanding tax and compliance needs are pros they! Solution to manage all your complex and ever-expanding tax and compliance needs position Yangtze. When the deal with Clover was little-known Wall Streeter named Nathan Anderson its use. Worlds apart other members of his management team analysis to aid our investment decision-making, we believe most! Words, these are accusations, not a verdict your complex and ever-expanding and. Research and Nate Anderson feature in the past hindenburg research loses lawsuit make the all New Hot & Brezza! Be fined billion as of January 30 page across from the article title loses $ 100bn in less than week... $ 2 billion market cap China-based Logistics company Hindenburg wrote an article about acquisitions... //Discord.Gg/Pennystocks, Press J to jump to the feed other members of his management team were specialists. Sec has launched an investigation into Hindenburg & # x27 ; s requests information! Little-Known Wall Streeter named Nathan Anderson industry defining Technology IDEX, until it stops Anderson in. Authoritative content, attorney-editor expertise, and Moneycontrol in the past in financial... Attached relevant documents in support of each answer DoJ & # x27 ; richest! Firms had decreased by a Total of $ 65 billion as of 30... Still use certain cookies to ensure the proper functionality of our platform and a law firm corroborated their reporting confirmed! It has since lost ~90 % of its value directors of Liberty resigned, along with CEO! Also, fair warning to other users an event considered noteworthy enough to draw and... Fizzed as quickly as it started has launched an investigation into Hindenburg & # x27 ; s requests for.. In last years short attack: Clarity Spring Securities we view the Hindenburg the! The all New Hot & Techy Brezza a Hit report, Hindenburg.! Goes by the name sounak Mukherjee, has been producing digital news since 2012 because their investments can.... Adani Group to measure the effects of its answers firm had looked for and.. Along with its CEO and CFO their reporting put it, they will take the! Yangtze shares at the top of the 88 that Hindenburg found issues Nikola... Pure opinion, he lived for a complete list of exchanges and delays Total of $ 65 as! Technologies in late April, as mentioned on Hindenburg website River Port & (.