GRFS - Grifols S.A. (GRFS – ADR ADR Class B) Shares Decline Again After Gotham City Research Issues Another Critical Report – Hagens Berman | Benzinga
SAN FRANCISCO, March 20, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges investors in Grifols, S.A. (NASDAQ:GRFS) who suffered substantial losses to submit your losses now.
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Grifols S.A. (GRFS – ADR ADR Class B) Investigation:
Shares in embattled Spanish pharmaceutical and chemical manufacturer Grifols S.A. declined sharply again on Mar. 6, 2024, after activist short seller Gotham City Research issued another report questioning Grifols' "commitment to transparency, integrity, and ethical conduct."
Gotham initially took aim at Grifols on Jan. 9, 2024, when it released a report entitled "Grifols S.A.: Scranton and the Undisclosed Debts," attacking the company's accounting and corporate governance and saying that Grifols' paltry cash generation has made its existing debt unsustainable.
Although Grifols vehemently denied Gotham's accusations – going as far as to sue the hedge fund's founder Daniel Yu in U.S. courts – the company has endured a slew of negative events in ...