The available records do not permit a responsible conclusion.
Spain's Anti-Corruption Prosecutor alleges that Gotham City Research and others spread biased and misleading information about Grifols to push down its share price.
información sesgada y engañosa sobre la credibilidad de Grifols
- About
- Grifols, S.A.
- Claim made by
- Forbes España, press report
- Published
- 9 October 2025
- Evidence score
- 47 How it was scored
- Last reviewed
- 25 October 2026
Why this label
Forbes España reports that a judge of the Audiencia Nacional admitted a complaint from the Anti-Corruption Prosecutor on 19 November 2024 under the Criminal Code article on spreading misleading information to alter pricesS5. Ara reports the same summons and gives 26 February 2026 for the Gotham founderS8. The founder of Gotham and a partner firm executive were summoned as suspects for February and March 2026. Being under investigation is not a charge or a finding. No report of the hearings or of any ruling was found in this review. The CNMV letter neither confirms nor rejects the Gotham report as a wholeS1. The record does not allow a conclusion on whether the information was misleading.
Current procedural position
Investigation open at the Audiencia Nacional. Suspects summoned for 26 February 2026 and 5 March 2026S5S8. Whether the hearings took place, and any charge or ruling, could not be confirmed as of October 2026.
Record supporting the assessment
información sesgada y engañosa sobre la credibilidad de Grifols
26 de febrero de 2026
Evidence score: 47 of 100
The score grades how well the record establishes this assessment. It is not a score of Grifols, S.A.. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 12 | 30 | The court status rests on press reporting of an open case. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 12 | 20 | The report states the allegation, not a finding. |
| CorroborationDo independent records support the same material point? | 7 | 15 | Two press reports agree on the summons. No court record was found. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 3 | 15 | The case is at investigation stage. |
| CurrencyHas the record been checked against later developments? | 5 | 10 | The latest record read is from October 2025. No 2026 report of the hearings was found. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 8 | 10 | The article is online. |
| Total | 47 | 100 |
Timeline
Related cases
- Fiscalía Anticorrupción against Gotham City Research, General Industrial Partners and executivesAudiencia Nacional (Spain). Criminal. Not published.Stage: Investigation. Suspects summoned for 26 February 2026 and 5 March 2026. Later steps not confirmed.
Revision history
- Assessment first published with label Unresolved.
Have a record that changes this assessment? See corrections and responses.
Sources
- S5Tier C La Audiencia Nacional cita como investigado al dueño de Gotham por difundir información engañosa sobre GrifolsForbes España. Press report. 9 October 2025.Reports the open Audiencia Nacional investigation and summons. Suspect status is not a charge or finding.Link working, checked 25 October 2026
- S8Tier C El 'Batman de Wall Street' tras el ataque a Grifols, citado por la Audiencia NacionalAra (Albert Rigol Baulenas). Press report. 9 October 2025.Corroborates the Audiencia Nacional summons for 26 February 2026 and reports the August 2025 CNMV sanction and a May 2025 New York ruling. It does not report what happened at the hearing.Link working, checked 25 October 2026
- S1Tier A FORM 6-KComisión Nacional del Mercado de Valores, letter filed by Grifols on SEC Form 6-K. Regulator order. 21 March 2024.CNMV conclusions of its review. Supports no significant errors, relevant deficiencies and the fifteen-day disclosure orders. It does not rule on Gotham's report.
Other claims about Grifols, S.A.
- Partly supported80A January 2024 Gotham City Research report, as reported by Bloomberg and Investing.com, said Grifols artificially reduced its reported debt ratio, in part by consolidating BPC Plasma and Haema, units it had sold in 2018.Press report, 9 January 20246 records citedAccounting
- Partly supported86Grifols said on 21 March 2024 that the CNMV confirmed its financial statements and indebtedness.Company statement, 21 March 20246 records citedDisclosure