We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Emerging Issues In Evaluating Market Efficiency: Part 2

Law360, New York (July 30, 2013, 1:30 PM EDT) -- On June 28, 2010, an unknown and untested research firm called Muddy Waters published an online report on Orient Paper Inc., a Chinese company that became publicly traded on the New York Stock Exchange through a reverse merger, accusing the company of chronic financial fraud. The Internet became ablaze with both commentary deriding Orient Paper and questions about Muddy Waters’ legitimacy.

The market, however, responded swiftly and unambiguously. Orient Paper stock dropped almost 40 percent in the three days following the publication of the Muddy Waters...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.