Gautam Adani is preparing to surround Hindenburg in his own house, hired a big US law firm for legal battle

Indian businessman Gautam Adani is now preparing to surround American short seller company Hindenburg Research in his own house. You will remember that when the Adani group threatened legal action after the Hindenburg Research revelations, the short seller company also challenged them in the court. It is now reported that the Adani group has hired one of Wall Street’s biggest law firms to take on Hindenburg Research. A report in The Financial Times, quoting four people familiar with the matter, suggested that the Adani group has approached New York City for a solution to deal with the crisis it is facing after Hindenburg’s allegations significantly reduced its cumulative market capitalisation. has contacted Senior Counsel at Wachtel, Lipton, Rosen & Katz.

Over the past several decades, Wachtel has made a name for itself as the most sought-after legal counsel by some of the largest US companies. This firm is famous in the world and it has been discussed the most for legal fight in disputed matters. By fighting the case, Adani Group wants to assure its investors about the financial health of the companies. People with knowledge of the matter said Wachtel was approached by India’s Cyril Amarchand Mangaldas firm.

Adani Group has rejected the allegations leveled by Hindenburg Research, it has had little or no impact on investors and global financial institutions. At the same time, earlier, the Adani group had said to look into legal options regarding punitive action against American financial research company Hindenburg Research for acting without thinking as part of an attempt to damage the share sale of its flagship company.