High Court throws out Burford Capital's case against London Stock Exchange

'Speculative' conclusions

David Brenchley
clock • 2 min read

Claims that market manipulation had caused an artificial decline in litigation firm Burford Capital’s share price have been dismissed as “speculative” by the High Court, which threw out Burford’s attempt to obtain trading data from the London Stock Exchange (LSE).

Burford has been on the offensive ever since claims from US short-seller Muddy Waters surfaced in August, accusing the firm and now-former Invesco stockpicker Mark Barnett of "unethical behaviour". The law financer claimed a subsequent 56% share price plunge was artificially caused by "market manipulation in the form of spoofing and layering". Burford took the LSE to court as it attempted to gain access to trading data in order to prove this was the case, retaining expert Columbia University Professor Joshua Mitts, as well as to disclose the identities of market participants who trade...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Muted response as Labour names Grimsby Town FC co-owner next investment minister

Muted response as Labour names Grimsby Town FC co-owner next investment minister

After the sudden exit of Poppy Gustafsson last week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Hargreaves Lansdown and Schroders to launch double LTAF offering

Hargreaves Lansdown and Schroders to launch double LTAF offering

From next week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Darius McDermott: Complacency at the peak

Darius McDermott: Complacency at the peak

'Markets to hit new highs, while credit spreads are at multi-decade lows'

Darius McDermott
clock 08 September 2025 • 5 min read