XP Sues Grizzly Research for Alleged Defamation Over Ponzi Scheme Claims

Reported about 15 hours ago

Brazilian fintech XP has filed a lawsuit in New York against short seller Grizzly Research, claiming defamation after a report accused XP of operating a Ponzi scheme. XP alleges that the report led to over $100 million in damages as clients and partners withdrew their funds. The company denies the accusations and seeks unspecified damages, while its stock price has already dropped significantly.

Source: YAHOO

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