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:
“The muddy rivers of spring
Are snarling
Under the muddy skies.
The mind is muddy.”
—Wallace Stevens (1879–1955)
“To possess your soul in patience, with all the skin and some of the flesh burnt off your face and hands, is a job for a boy compared with the pains of a man who has lived pretty long in the exhilarating world that drugs or strong waters seem to create and is trying to live now in the first bald desolation created by knocking them off.”
—C.E. (Charles Edward)