Muddy Waters Sued Over Report Linking Solutions 30 to Crime

Muddy Waters Capital LLC was accused in a lawsuit of profiting from shorting Solutions 30 SE while targeting the European technology services company in an “aggressive and baseless” campaign.

A Romanian company that provides back-office support for Solutions 30 said in the complaint that Carson Block’s research firm anonymously published a report alleging that Solutions 30 had multiple links to criminals and ties to money laundering.

Solutions 30’s shares slumped as much as 37% in December after the Luxembourg-based company said it hired an external auditor to review the allegations in the report. The stock soared as much as 37% ...