How A Short-Seller Took Down NYSE-Listed Bermuda Reinsurer Gerova Financial

    In January 2011 Dalrymple Finance published a report on Gerova Financial, a NYSE-traded company with a market capitalization of $1 billion. The report was distributed on the financial news and opinion site Zero Hedge and concluded that Gerova was likely a fraud. Although the stock went to pennies within months, Dalrymple Finance was sued three times by associates of Gerova in a three-year battle that ended with seven executives and affiliates of Gerova being indicted for fraud.

    Keith Dalrymple will discuss the Gerova case

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    • Keith Dalrymple, Principal, Dalrymple Finance (Bulgaria)


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