Banking software provider Temenos has formed a special committee to look into allegations of accounting irregularities by short-selling group Hindenburg Research.
Geneva-based Temenos has appointed non-executive chairman Thibaut de Tersan to head a special committee, the firm said today.
Temenos hired the law firm Schellenberg Wittmer as Swiss counsel and Sullivan & Cromwell as US counsel to assist in the investigation. Professional services firm Alvarez & Marsal will also participate.