Muddy Waters' Carson Block Calls Burford's Accounting 'Misleading'

Muddy Waters released a report accusing Burford Capital of overstating its financial returns and using misleading accounting practices. Carson Block, founder of Muddy Waters, explains the reasons for shorting Burford, highlighting issues with its disclosure regime and financial engineering. The report caused Burford's stock to plummet. Block also discusses the role of major shareholders like Invesco and Woodford in potentially manipulating financial marks. The video concludes with a comparison of Burford's practices to those of IMF Bentham, another player in the litigation finance industry.

What concerns did Muddy Waters raise about Burford's financial reporting?

How did Burford respond to the allegations made by Muddy Waters?

What is the nature of Burford's business model in litigation finance?

What issues did Muddy Waters identify regarding Burford's accounting practices?

What was the significance of Burford's market cap and its listing on the London AIM market?

What were the implications of the Napeo Pharmaceutical litigation for Burford?

How does Burford's accounting differ from that of IMF Bentham?