Muddy Waters' Block Calls Burford's Accounting 'Misleading'

The transcript discusses Burford, a litigation finance company, highlighting its unique business model and the issues with its financials and accounting practices. Concerns are raised about its misleading financials, light disclosure regime, and Level 3 fair value accounting. The role of major shareholders in financial engineering is examined, along with a comparison to IMF Bentham. The transcript concludes with a discussion on short position strategy and risk management.

What are the potential risks associated with Burford's litigation finance model?

Why might shareholders like Invesco and Woodford not conduct thorough due diligence on Burford?

What role did Mark Barnett play in Burford's financial strategies?