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Company News

Grenke says it is considering legal action after shortseller attack

FRANKFURT, Sept 17 (Reuters) - German leasing firm Grenke is considering taking legal action against shortseller Fraser Perring’s Viceroy Research, it said on Thursday, following days of turmoil in which the company’s share price halved.

Grenke said it had convened a task force to deal with a detailed rebuttal of accusations made against the company by Viceroy Research.

The report by Viceroy Research, which raised the alarm and bet big against collapsed payment company Wirecard, accuses Grenke of malfeasance including money laundering. (Reporting by Arno Schuetze Editing by Michelle Martin)

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