XP Inc. files federal lawsuit against Grizzly Research

XP Inc. (XP) announced the Kasowitz law firm filed a federal lawsuit against Grizzly Research and its principal, Siegfried Eggert, “for allegedly publishing a false and defamatory article designed to manipulate the market and damage XP’s reputation for profit.” Filed in the federal district court for the Southern District of New York, the complaint alleges that Grizzly “brazenly and recklessly disseminated false information in a March 12, 2025 report to drive down XP’s stock price and profit from its short position.” XP said it will not be providing further comment or taking part in media interviews while the legal proceedings are ongoing.