In 2019, an NYSE-listed company purchased assets in Argentina and Jamaica for hundreds of millions of dollars. Following the acquisition, a short seller publicly alleged that the assets were grossly overinflated and company insiders were in fact undisclosed beneficiaries of the deals. Gryphon was retained to independently vet the short seller’s report and the condition of the acquired assets.
Gryphon’s research, field investigations in Argentina and Jamaica, and interviews with local contacts in multiple jurisdictions directly refuted the short seller’s report. Our work also demonstrated that the short seller had solicited interviews under false pretenses and manipulated information to comport with their thesis.
The valuable intelligence Gryphon investigators obtained enabled our client to make informed decisions about how to best represent shareholders’ interests.