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