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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Einhorn's Greenlight Capital Files Suit Against Blogger

Feb 18, 2014
Jing Chen

Hedge fund manager David Einhorn has filed a lawsuit against an anonymous financial blogger who revealed his firm’s stake in a technology company.

The New York Times reported that Einhorn’s New York-based Greenlight Capital filed the lawsuit on Friday against investment website Seeking Alpha to disclose the identity of a blogger known only as Valuable Insights who revealed on a November 14 post that the hedge fund was buying shares in Micron Technology.

Judge Carol said on Tuesday that representatives for Seeking Alpha must appear in court must appear in court to explain why Greenlight’s motion should not be granted.

The article added that Greenlight wrote a letter to the U.S. Securities and Exchange Commission on November 14—after the blog post—requesting that its investment in Micron be kept confidential until at least November 21, which would give the hedge fund room to avoid having to disclose its shares in the third quarter of 2013.

Greenlight Capital was founded by Einhorn in 1996, and has about $10 billion in assets under management.

 

 

 

 

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