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 swimming hole is still in use. It has the same mudbank. It is still impossible to dress without carrying mud home in one’s inner garments. As an engineer I could devise improvements for that swimming hole. But I doubt if the decrease in mother’s grief at the homecoming of muddy boys would compensate the inherent joys of getting muddy.”
—Herbert Hoover (1874–1964)
“You could not step twice into the same rivers; for other waters are ever flowing on to you.”
—Heraclitus (c. 535–c. 475 B.C.)