Ironies Abound – Burford, Institute for Legal Reform, Securities Class Actions and Muddy Water
Usually, the Institute for Legal Reform (ILR) subpart of the U.S. Chamber of Commerce attacks class action securities suits as bad things, as illustrated by this February 25, 2019 article. And, litigation funders such as Burford Capital extol the value of litigation.
Ironically, the ILT is now regularly pushing out news that rather breezily points out that Burford is the target of speculation and now a securities class action. In fact, ILR seems not far away from praising “shorts” attacking Burford for overstating its financials, an attack lead by the usually successful team of researchers, investigators and financiers at Muddy Waters.
These are indeed interesting times.