(Bloomberg) British hedge fund titan Crispin Odey, who has bet that shares of beleaguered fintech Wirecard AG will plummet further, said Germany’s financial regulator has opened to door to potential lawsuits after it took the unprecedented step of banning short sales on the payments company. In an interview this week, Odey said he’s now more excited about taking BaFin to court than his wagers on the Aschheim, Bavaria-based company. BaFin prohibited investors from taking new short positions in Wirecard or increasing existing ones through April 18 after the shares were whipsawed over the last month following a series of reports in the Financial Times alleging fraud at the payment company’s Singapore unit.
Odey Says Regulator’s Wirecard Short Ban Paves Way for Lawsuits
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