Off the top of my head the reporting about Block - CashApp was disgraceful and Hindenburg got sued for it. Not sure how that's going to play out with disbanding the "company."
I don't think Hindenburg is scared of being sued, otherwise they wouldn't have been in the business in the first place. Their investigations are extremely thorough, with everything fully documented, mostly from public records, for the specific purpose that if/when they show up in court, they can be confident of the basis of their findings.
P.S. where did you see Block suing Hindenburg? The closest thing I can find is 'Block said it intended to “explore legal action” against Hindenburg, who sought to “deceive and confuse” Block investors to “profit from a declined stock price.”' which is just PR speak
>I don't think Hindenburg is scared of being sued, otherwise they wouldn't have been in the business in the first place
They should be. If doesn't matter how well everything is documented or how above-board the company is when the courts turn into kangaroo courts for a thoroughly corrupt administration. They're right to get out now while they still can.
> the committee confirmed previously stated findings that there was "no evidence of fraud or misconduct on the part of management or the board of directors."
n144q|1 year ago
https://www.reuters.com/legal/government/adani-group-threate...
P.S. where did you see Block suing Hindenburg? The closest thing I can find is 'Block said it intended to “explore legal action” against Hindenburg, who sought to “deceive and confuse” Block investors to “profit from a declined stock price.”' which is just PR speak
shiroiushi|1 year ago
They should be. If doesn't matter how well everything is documented or how above-board the company is when the courts turn into kangaroo courts for a thoroughly corrupt administration. They're right to get out now while they still can.
blackeyeblitzar|1 year ago
> the committee confirmed previously stated findings that there was "no evidence of fraud or misconduct on the part of management or the board of directors."
snailmailstare|1 year ago