Olam Fights Back and Sues Muddy Waters

Olam International Ltd., the world’s second-largest rice trader, filed a lawsuit against investment firm Muddy Waters LLC and its founder Carson Block after he questioned the commodity trader’s accounting methods.

SX Movers: Kinaxis, Alaris Royalty, Gildan Activewear
12:04 - Kinaxis soars on a partnership with Samsung, Alaris Royalty sinks after missing 2Q profit estimates and Gildan Activewear revises down its EPS forecast. Eric Lam reports on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)
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