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)
“‘Tis probable Religion after this
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How could the Dutch but be converted, when
The Apostles were so many fishermen?
Besides the waters of themselves did rise,
And, as their land, so them did re-baptize.”
—Andrew Marvell (1621–1678)