Short Seller Grizzly Research Alleges Aggressive Accounting at Ottobock
Grizzly Research released a report questioning accounting practices at German prosthetic maker Ottobock. The firm also raised concerns about majority shareholder Hans Georg Nader's margin loan and Russia business. Ottobock rejected the report's statements and overall conclusion.
CnbcGrizzly Research issued a report alleging aggressive accounting techniques at German prosthetic maker Ottobock. Siegfried Eggert, CEO of Grizzly Research, discussed the short seller's findings. The report claims that majority shareholder Hans Georg Nader's margin loan and Russia business endanger public shareholders.
Ottobock told CNBC it categorically rejects the statements and claims made in the report, as well as the report's overall conclusion.
Key Facts
Potential Impact
- 01
Ottobock may issue additional statements addressing the report's claims.
- 02
Public shareholders may review Ottobock's financial disclosures more closely.
Transparency Panel
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