Hedge fund manager David Einhorn has dropped his lawsuit against an anonymous financial blogger on the Seeking Alpha financial website who revealed his firm’s stake in a technology company.
The New York Times reported that Einhorn’s New York-based Greenlight Capital explained in a statement that it “has resolved the matter privately to [its] satisfaction." The firm, which did not name the blogger, also said in the statement that it has identified the writer.
Greenlight Capital initially filed a lawsuit last month 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.
Einhorn had wanted to unveil his position in Micron as one of his “best ideas” at a charity event.
Greenlight Capital was founded by Einhorn in 1996, and has about $10 billion in assets under management.