Adler Slumps to Record Low After Failing to Address Fraud Claims

Adler Group SA slumped to a record low as the embattled German landlord left investors waiting for a detailed response to allegations of fraud set out in a report by short-seller Fraser Perring’s Viceroy Research.

The company on Tuesday failed to address key questions raised by Viceroy in its first earnings report since the allegations were first published in early October. The landlord then didn’t take any questions on an investor call in the afternoon, accelerating a sell-off that sent its shares to a new low.

While Adler said that it had appointed KPMG’s specialized forensic accounting division to ...