A day after an investment report called Burford Capital insolvent, causing its stock prices to plummet, the litigation funder struck back by claiming that its initial investigation of the report shows signs of market manipulation, Law.com reported. Burford CEO Christopher Bogart said that Muddy Waters’ tactics behind the report are “deeply disgusting,” adding that Burford has built its business around corporate governance and transparency. Muddy Waters released the 25-page report on Wednesday, causing Burford’s stock to plummet 65 percent before rallying later in the day on London’s AIM exchange. The San Francisco due diligence-based investment firm had laid out seven different ways that Burford allegedly misrepresented the value of its investment portfolio. It also said Burford was a “a poor business masquerading as a great one” and that it was “arguably already insolvent.” In its written rebuttal, Burford said it will investigate Muddy Water’s actions, which show signs of market manipulation. “Short attacks such as this are a fundamental menace to an orderly market and to the value inherent in long-term investing in companies such as Burford that are revolutionising industries,” Burford wrote.