Muddy Waters Capital LLC remains short Burford Capital Ltd.
Third party behavioral analysis strongly indicates that Burford’s management was deceptive in their written and verbal responses to our initial report. Muddy Waters engaged Qverity to analyze management’s statements in the August 8, 2019 response statement and ensuing call for deception. Qverity provides behavioral analysis, and is founded and staffed by former United States Central Intelligence Agency experts in detecting deception. Its principals authored the books “Spy the Lie” and “Get the Truth”. We have attached the Qverity report. Note that the report was prepared prior to Burford’s announcement about CFO and board changes.
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