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Join the Securities Litigation and Enforcement Group on LinkedInAdani hires US legal powerhouse Wachtell in short-seller battle | Financial Times
Gautam Adani has hired one of Wall Street’s fiercest activism defence law firms to fight back against claims made by short seller Hindenburg Research, as the Indian billionaire battles to reassure investors about the financial health of his business empire. In recent days, the Adani Group has tapped senior lawyers at New York’s Wachtell, Lipton, […]
Who Is Gautam Adani and What Is Hindenburg Research? – The Washington Post
Allegations of stock manipulation and accounting fraud from New York-based investor Hindenburg Research against Adani Group are piling pressure on the Indian conglomerate and its 60-year-old founder. Gautam Adani is one of Asia’s richest men and at one point last year was second only to Elon Musk in the world. Unlike Musk, Adani is relatively […]
Adani accuses short-seller Hindenburg of attacking India
“This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India,” Adani’s statement said. In response, the Hindenburg firm denied the accusations and said Adani’s response largely confirmed its findings and failed to […]