Temenos Says Probe Finds Hindenburg Allegations Were Incorrect.

An independent examination conducted by Temenos AG has found that allegations made by short seller Hindenburg Research about the company's accounting practices, products, and client relationships were inaccurate and misleading. The review confirmed that Temenos is running a sound business with robust financial controls and strong governance oversight. The findings have no impact on the company's previously published annual financial statements. Temenos is hopeful that it will be able to introduce a new CEO at an upcoming shareholders meeting. The company's shares had plummeted after Hindenburg's allegations but have since remained low. [Extracted from the article]