No protection14 Jan 2022 20:14
Sorry to post about another share, this shows the lack of protection investors in the progress of companies get versus those that carry out coordinated short attacks.
London South East
Orosur CEO Brad George looks forward to life as an AIM explorer with a major gold project secured. Watch the video here.
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Share Price Information for Burford Capital (BUR)
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Share Price:
721.50
Bid:
722.50
Ask:
724.50
Change:
-14.50 (-1.97%)
Spread: 2.00 (0.28%)Open: 726.50High: 736.50Low: 714.50Prev. Close: 721.50
BUR Live PriceLast checked at 20:06:13
Statement re High Court decision on LSE data
Fri, 15th May 2020 10:30
RNS Number : 0599N
Burford Capital Limited
15 May 2020
15 May 2020
BURFORD CAPITAL STATEMENT ON HIGH COURT DECISION ON ACCESS TO LSE TRADING DATA
Burford Capital Limited ("Burford Capital" or "Burford" or "the Company"), the leading global finance and asset management firm focused on law, today released the following statement concerning the High Court's 104-page decision denying its application to obtain trading data from the London Stock Exchange.
Burford has previously recounted its efforts to pursue claims for market manipulation following the August 2019 short attack against its shares. Burford retained a leading expert in the area of market manipulation, Professor Joshua Mitts of Columbia University, who was accepted by the Court as an expert whose work has also been presented to the US Securities and Exchange Commission and in other fora.
Unfortunately, the Court, while acknowledging that Professor Mitts had presented expert analysis in which he opined "that market manipulation in the form of spoofing and layering caused an artificial decline in Burford's share price", decided that his conclusions were "speculative". The Court held: "In my judgment, the fully true statement is that it is impossible to determine from the data Prof Mitts reviewed whether any Share Order Events were or may have been manipulative; and any claim that there was market manipulation on 6 or 7 August 2019 by reference to Prof Mitts' data analysis is speculative." Of course, this is the conundrum: Without the trading data sought by Burford, it is impossible to prove market manipulation, which is why Burford brought its application in the first place on the basis of Professor Mitts' extensive expert analyses, whic