Market Chatter: XP Sues Grizzly Research Over Report

MT Newswires Live

Jul 08

XP (XP) filed a defamation lawsuit Monday against short seller Grizzly Research over a March 12 report that accused the Brazilian fintech company of running a "Ponzi scheme," Reuters reported late Monday.

XP said in the complaint that it suffered damages totaling more than $100 million as a result of the report, Reuters reported.

XP accused Grizzly of "brazenly, maliciously, and recklessly" misleading investors in order to profit from short positions, Reuters reported.

XP did not immediately reply to MT Newswires' request for comment. Grizzly could not be reached for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Grizzly could not be reached for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1051768304.USD","symbol_name":"贝莱德新兴市场股票收益A6","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2549453955","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549453955","pubTimestamp":1751969461,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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