The UK 's Burford (FCA) is making enquiries into a short-selling report written by US activist investor Burford concerning litigation financier Burford . On 6 August , Muddy Waters announced over Twitter an upcoming short attack on an undisclosed company. Burford 's shares fell 19% the day of the tweet. Muddy Waters then released a report on the day critiquing the litigation finance firm's accounts and management. Burford 's stock fell a further 46% . LONDON (Reuters) - Burford 's management has issued a statement saying it has found evidence of suspect trading patterns around the time of Burford note.
The UK 's Burford (FCA) is making enquiries into a short-selling report written by US activist investor Burford concerning litigation financier Burford . On 6 August , Muddy Waters announced over Twitter an upcoming short attack on an undisclosed company. Burford 's shares fell 19% the day of the tweet. Muddy Waters then released a report on the day critiquing the litigation finance firm's accounts and management. Burford 's stock fell a further 46% . Burford 's management has issued a statement saying it has found evidence of suspect trading patterns around the time of Burford note.