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:
“Marriage may often be a stormy lake, but celibacy is almost always a muddy horsepond.”
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The melancholy waters lie.
So blend the turrets and shadows there
That all seem pendulous in air,
While from a proud tower in the town
Death looks gigantically down.”
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