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David Einhorn Drops Lawsuit Against Financial Blogger

Mar 24, 2014
Jing Chen

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.

 

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