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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XP: