G4S Accuses Investors Of Cherry-Picking Evidence For Suit
By Najiyya Budaly (July 16, 2020, 5:10 PM BST) -- Outsourcing giant G4S has accused shareholders of cherry-picking statements it has made to the markets to push their case that the company misled the market to artificially inflate its stock price until a criminal investigation was announced.
G4S has said in a defense at the High Court that a lawsuit brought by approximately 100 institutional investors used cherry-picked evidence. (AP) G4S PLC said in a defense filed at the High Court on Monday that a lawsuit brought by a group of approximately 100 investors, led by Allianz Global Investors GmbH, made inadequate claims, with insufficient evidence, about the information it published...
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