Olam Sues Muddy Waters, Block After He Questions Accounting
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Olam International Ltd., the world’s second-largest rice trader, sued investment firm Muddy Waters LLC and its founder Carson Block for defamation after they questioned the commodity supplier’s accounting methods.
Block’s comments in London at a hedge fund conference on Nov. 19 were malicious falsehoods, Olam said in a lawsuit filed in the Singapore High Court yesterday. The company sought unspecified damages, costs, and an injunction against republication of the comments.