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Adler Short-Seller Told to Cut ‘Untruthful’ Details From Report

Feb. 15, 2022, 8:29 AM

A German court has ordered short-seller Fraser Perring to eliminate “untruthful” information about Adler Group SA’s biggest investor from a report that led to the collapse in the real estate company’s shares but so far the language hasn’t been removed.

Guenther Walcher won the ruling in November, according to a copy of the order, which wasn’t made public and seen by Bloomberg. Walcher is the owner of Aggregate Holdings SA and Adler’s biggest shareholder. The court ordered Perring and Viceroy Research to no longer use four passages in the report that discuss Wachler’s relationship with Cevdet Caner, a real ...