Ottobock Disputes Allegations in Short-Seller Report

Ottobock SE & Co. KGaA has firmly denied allegations made in a report by Grizzly Research LLC. The report, authored by a known short seller holding interests in Ottobock stock depreciation, has been labeled by Ottobock as defamatory and misleading. The company is contemplating legal action, including informing the German supervisory authority about possible market manipulation.

Ottobock maintains that the claims in the report are either inaccurately presented, previously addressed, or irrelevant. It reaffirms the legitimacy of its BaFin-approved securities prospectus and audited financial statements. The company argues that its accounting practices align with international standards and enhance transparency.

Accusations about Russian business contributions and influence limitations due to corporate structure were also refuted. Ottobock notes its long-standing leadership stability and disassociates from any controversial shareholder matters.