Litigation financier Burford Capital has announced that the US securities class action against it filed in August 2019 has been “withdrawn by the plaintiffs and dismissed in its entirety”.
In a statement, Burford Capital added: "There is no litigation pending against Burford at present other than ordinary course skirmishing within a small number of ongoing funded investment matters." Last year, Burford Capital became locked in a dispute with short-seller Muddy Waters, which took a short position in the litigation firm in August, prompting its valuation to decline. Numis Securities rubbishes Muddy Waters' Burford Capital claims In August, Muddy Waters claimed that Burford was "arguably insolvent" and confirmed its intention to hand over its report on Burford to the Fi...
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