Comment by n144q

3 days ago

I don't think Hindenburg is scared of being sued, otherwise they wouldn't have been in the business in the first place. Their investigations are extremely thorough, with everything fully documented, mostly from public records, for the specific purpose that if/when they show up in court, they can be confident of the basis of their findings.

https://www.reuters.com/legal/government/adani-group-threate...

P.S. where did you see Block suing Hindenburg? The closest thing I can find is 'Block said it intended to “explore legal action” against Hindenburg, who sought to “deceive and confuse” Block investors to “profit from a declined stock price.”' which is just PR speak

7 comments

n144q

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shiroiushi  3 days ago

>I don't think Hindenburg is scared of being sued, otherwise they wouldn't have been in the business in the first place

They should be. If doesn't matter how well everything is documented or how above-board the company is when the courts turn into kangaroo courts for a thoroughly corrupt administration. They're right to get out now while they still can.

  • FilosofumRex  3 days ago

    No, Nate is not afraid of being sued, he is afraid of being indicted for fraud. The difference being that you just pay your way out of lawsuits, but indictments are a bit more serious

  • n144q  3 days ago

    The court finds them guilty of violating which laws, exactly?

    Sorry I really don't get what you are trying to say. In order to lose in court, you need to first find a law where Hindenburg could be breaking. But I don't see that happening, especially as it's almost impossible for them to be found guilty of defamation due to the First Amendment.

blackeyeblitzar  3 days ago

How do you explain their report on Supermicro? It seems nothing was wrong there after all. From https://www.morningstar.com/news/marketwatch/2024120275/why-...

> the committee confirmed previously stated findings that there was "no evidence of fraud or misconduct on the part of management or the board of directors."

  • thombat  2 days ago

    After the external auditors resigned saying that the financials couldn't be trusted the fact that an internal report run from the board of the directors clears them mightn't be as generally reassuring as you seem to find it.