Winning Bizness Desk
Mumbai. A storm called Hindenburg comes from America and rattles Gautam Adani's entire empire in India. From Parliament to the stock market, only Adani is being discussed nowadays. Fifteen days ago, Gautam Adani was the fourth richest person in the world who has now slipped to number 21. In the background of all these developments, Adani Group is now ready to fight legally. Amarchand Mangaldas firm that handles the Adani Group in India has approached US law firm Wachtel and commissioned it to fight the case against Hindenburg. Meanwhile, the Adani Group has started preparing to build investor confidence.
Legal battled to follow
Gautam Adani is all prepared to fight a tough legal battle against the Hindenburg and this is why it has hired the most expensive firm in America, Watchtel. The firm is well known for fighting legal battles in the corporate world. This firm is renowned worldwide for fighting legal battles in controversial cases. Even last year 2022, this firm was very much in the news. Recently, Tesla CEO Elon Musk had cut the $44 billion Twitter deal then Twitter had hired Watchtel to take them to court. Subsequently in a Delaware court, Wachtel lobbied on behalf of Twitter to ask Elon Musk to complete the deal.
What is the Hindenburg?
Financial research firm Hindenburg Research has disrupted many companies around the world. This was founded by Nathan Anderson in 2017. This firm prepares reports by analyzing, researching and analyzing equity, credit and derivatives. There is also an interesting history behind the naming of this institution. A plane crash occurred near Manchester Township in New Jersey, USA. In 1937, the Hindenburg airship crashed. The firm has been named after that.
