Burford Capital stock price drops nearly 50% after US court overturns $16bn Argentina ruling

Burford Capital stock price drops nearly 50% after US court overturns $16bn Argentina ruling

Burford Capital’s share price has dropped by nearly 50%, following a US appeals court’s reversal of a $16bn judgment against the Republic of Argentina.

The legal finance firm, which is listed on both the New York and London stock exchanges, saw its stock price drop from 589p per share at market open last Friday (27 March) to a low of 300p at 1:55pm – a decline of 49%.

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