9-Jan-24: 'Share price of Catalan multinational Grifols plummets after fraud allegations'
The share price of Catalan multinational Grifols plummeted around 30% today after a report accused the pharmaceutical company of manipulating their accounts. Gotham City Research argued that the debt of the company should be far higher than what has been posted and criticized that the new CEO does not represent a real change in management. Grifols defended its transparency, financial integrity and ethical conduct, and accused the fund of wanting to lower their share price to make a profit.
