Agricultural commodities trader Olam International has started legal action against US short-seller Muddy Waters Research and its founder, Carson Block.
Olam has filed its petition with the High Court of Singapore after Mr Block made allegations about the company's debt levels and accounting practices.
Olam said the claims were "baseless and unsubstantiated". Full story
Related:
- Muddy Waters Turns Its Focus On Singapore - dealbook.nytimes.com
- Singapore Commodities Tycoon Feels Heat From Fact-Free Muddy Waters - Forbes.com
- Singapore's Olam initiates legal action against Muddy Waters - Global Times
- Singapore firm sues Muddy Waters for libel - CNN.com
- Olam Sues Muddy Waters, Block After Accounting Questions - BusinessWeek
