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Spain’s Grifols say it will sue Gotham City fund over damaging report
© Reuters. The logo of the Spanish pharmaceuticals company Grifols is pictured on theirs facilities in Parets del Valles, north of Barcelona, Spain, January 9, 2024. REUTERS/Albert Gea
MADRID (Reuters) – Spanish pharma company Grifols said on Wednesday it will launch legal action against short-seller fund Gotham City Research which released a negative report that wiped almost $3 billion off the Barcelona-based firm’s market value on Tuesday.
Grifols will seek financial compensation in court for the reputational damage, it said in a statement.
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