Burford Capital sinks as much as 23%, the most in three years, after the litigation financing group said Wednesday that it’s been talking to the US Securities and Exchange Commission about the fair value of legal finance assets.
- As a result, the firm is changing its fair value approach and will ask Ernst & Young to provide an audit, according to
statement - Canaccord puts hold rating and 637p PT under review
- “The revelation of this engagement with SEC (not an investigation) is likely to give investors cause for concern, in our view, coming so soon after admission to the NYSE ...
- “The revelation of this engagement with SEC (not an investigation) is likely to give investors cause for concern, in our view, coming so soon after admission to the NYSE ...
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