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Grifols Goes To Court: Suit Filed Late Friday Against Gotham

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Grifols (GRF SM), after Friday’s close, filed suit in the Manhattan district court against Gotham research (and associated parties) over the recent short-selling report.


  • Grifols is seeking “redress for the financial and reputational damages caused” claiming Gotham’s report contains “false statements”. This is a fairly typical response to such reports; Gotham itself was sued by Quindell in 2014 (successfully in a UK court, Quindell went on to collapse) and has been reported to French regulators by SES-imagotag during 2023.
  • Grifols’ key ’25 bond (GRFSM 1 5/8 02/15/25) tightened significantly last week (-60bp) but is still around 50bp wider than pre-Gotham levels. Mgmt has been adamant that the proceeds from the ShanghaiRAAS deal will fund repayment of this bond.

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