Fund manager favourite Quindell wins court battle against short-seller

Outsourcing company Quindell has won a court battle against a short-seller which caused its share price to dive 40% earlier this year.

Quindell's share price has retreated from highs in the last few months after Gotham City Research called the business "a country club built on quicksand". Gotham - which was shorting the stock - said up to 80% of the AIM-listed group's profits were suspect, and accused it of using payments from subsidiaries to inflate revenues. Gotham, which has targeted insurance company Ebix, retailer the Tile Shop and search platform Blucora in the past, wiped around £900m off the company's market cap because of its actions. Quindell - which is owned by managers including Miton's Gervais William...