Grifols Sues Over Gotham City Short-Seller Report – Bloomberg

Grifols SA sued Gotham City Research over a report alleging the company has overstated profit and misstated its accounting.

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The complaint filed in federal court in New York on Friday says Gotham City and its principals are “predatory short sellers” who illicitly profit from “rigged short-and-distort schemes.”

“Unlike other short sellers, defendants crossed the line with their attack on Grifols by knowingly making false and misleading statements in furtherance of a single illegal purpose: to manipulate the value of Grifols’ stock for their own monetary gain,” Grifols said in its suit.

Source: Grifols Sues Over Gotham City Short-Seller Report – Bloomberg