On January 8, 2024, after the market closed, Gotham City Research published a report alleging, among other things, that Grifols manipulated its debt and EBITDA figures to artificially lower its reported leverage.
On this news, Grifols’ stock price fell $2.43, or 21.8%, to close at $8.70 per share on January 9, 2024, thereby injuring investors.
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