Hedge fund manager drops lawsuit over anonymous blogger

Pen And Book

David Einhorn, the hedge fund manager, dropped a lawsuit aimed at unmasking an anonymous blogger on the Seeking Alpha financial website, who had discussed one of his fund’s stock positions before it was publicly announced.

The New York Times reports that Einhorn’s Greenlight Capital moved to discontinue the suit at the same time it said it had identified the blogger. In a statement, which did not name the poster, Greenlight said it 'has resolved the matter privately to our satisfaction'.

It’s not clear how Greenlight managed to unmask the blogger, who goes by the handle 'Valuable Insights', or what the firm intends to do next.

Colin Lokey, director of contributor success at Seeking Alpha, said the website did not provide Greenlight with the identity of the blogger. He said the website remained committed to protecting the rights of its posters to remain anonymous.

To access the complete New York Times article hit the link below:

Having Identified Blogger, Hedge Fund Drops Lawsuit

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