Short Sellers’ Secret Talks and Alliances Emerge in Court Battle
- Hedge fund boss says research was shared with half-dozen bears
- Some of those prominent short sellers say they didn’t team up
The financial district of Toronto.
Photographer: Stephanie Foden/BloombergThis article is for subscribers only.
When short sellers knock down stocks, a debate often breaks out: Was there more than one bear involved?
After years of such conjecture among embattled corporate chieftains, a little noticed lawsuit in Toronto is exposing a variety of alleged contacts and even alliances between skeptical researchers and investment firms.