Muddy Waters Allegations
In November 2012, Carson Block of Muddy Waters Research accused Olam of "deciding to take huge leverage and invest in illiquid positions”, questioning its accounting practices and accusing its board of an "abject failure of leadership". Olam called the allegations "baseless rumour-mongering" and sued Block for libel, but its shares nevertheless fell 21%.
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Famous quotes containing the words muddy and/or waters:
“Nor must Uncle Sam’s Web-feet be forgotten. At all the watery margins they have been present. Not only on the deep sea, the broad bay, and the rapid river, but also up the narrow muddy bayou, and wherever the ground was a little damp, they have been, and made their tracks.”
—Abraham Lincoln (1809–1865)
“To-night the winds begin to rise
And roar from yonder dropping day:
The last red leaf is whirl’d away,
The rooks are blown about the skies;
The forest crack’d, the waters curl’d,
The cattle huddled on the lea;”
—Alfred Tennyson (1809–1892)