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August 22, 2019

Burford Sued By Shareholders Over Stock Drop

A class of Burford Capital shareholders has sued the company for allegedly painting a “misleading picture” for investors, Law360 reports.

The lawsuit comes after the company lost nearly half its stock value following a report from short seller Muddy Waters, who said Burford “actively misleads investors” about its financies and accounting. The class alleges that Burford’s annual report statements were “materially false and/or misleading” and misrepresented the value of the litigation it funds.

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