StockMarketWire.com - Litigation financing specialist Burford Capital alleged that there was market manipulation in the trading of its shares last week designed to artificially alter the price of the stock.

The company, currently embroiled in a stand off with short seller Muddy Waters, said it had made regulatory authorities and criminal prosecutors aware of preliminary conclusions that showed evidence consistent with illegal market manipulation.

A forensic examination by Burford and its expert of the detailed trading data was made available by the London Stock Exchange for 6 August -- the day on which Muddy Waters tweeted about a forthcoming, but unidentified short target and 7 August -- the day on which Muddy Waters released its short attack on Burford – disclosing trading activity consistent with material illegal activity.

Burford also said it was also considering legal action.


At 8:16am: [LON:BUR] Burford Capital Ltd share price was -25.5p at 824.5p



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