Latest news with #shortseller
Bloomberg
24-06-2025
- Business
- Bloomberg
Grifols's Family Blood Is Thicker Than Water
Newsletter The Brink Spanish drugmaker under short seller attack paid a company linked to its founding family more than it paid other plasma suppliers By and Jorge Zuloaga Save Welcome to The Brink. It's Clara Hernanz Lizarraga and Jorge Zuloaga in Madrid, where we sifted through the documents on the Grifols investigation. We also have news on Lebanon and Wolfspeed. Follow this link to subscribe. Send us feedback and tips at debtnews@ The line between the Grifols family and the namesake Spanish drugmaker company founded in 1909 in Barcelona has always been a thin one. For much of its history, successive generations of the founding family held significant ownership stakes and occupied key executive roles — driving scientific innovation, overseeing operations, and guiding the company's global expansion.
Yahoo
30-05-2025
- Business
- Yahoo
US court finds enough evidence to proceed with Grifols lawsuit against Gotham City
MADRID (Reuters) -A New York court found enough evidence to continue with the defamation lawsuit filed by Spanish pharmaceutical company Grifols against short seller Gotham City Research, Grifols said in a statement on Friday. Based on its findings, the Federal District Court for the Southern District of New York rejected a request filed by Gotham City to dismiss the lawsuit, Grifols said. In January 2024, Gotham, which had previously shorted Grifols shares, released a report accusing the company of overstating earnings and understating debt. Grifols denied the allegations but lost around a third of its market value following the report. Shorting involves borrowing shares in order to sell them, with the hope of buying them back more cheaply to make a profit. According to Grifols, the court also found that Grifols adequately argued that Gotham City's report contained false statements, such as that the company had failed to disclose a $95 million loan to Scranton Enterprises. Gotham City did not immediately respond to a request for comment.
