Journal Hits Back At Greenlight, Dealbreaker

Apr 27 2010 | 2:32am ET

The Wall Street Journal isn’t taking David Einhorn’s slings and arrows lying down.

The newspaper’s senior editor blasted the Greenlight Capital founder, who took the opportunity presented by Greenlight’s first-quarter investor letter to slam the Journal.

Einhorn called a February article about hedge funds betting against the euro “sensationalist” “yellow journalism,” said he was misquoted and accused the Journal of ignoring his demand for a correction. Not so, said Journal senior editor Mike Siconolfi.

“Mr. Einhorn’s complaints, made two months after the fact, are baseless,” he told New York magazine. “The story was thorough and accurate, and we’re mystified by his protestations that the Journal has ignored his complaints about errors in the article.” According to Siconolfi, there have been no such complaints.

Siconolfi didn’t stop with Einhorn, also attacking Dealbreaker, the Wall Street blog that obtained Einhorn’s letter and posted it.

“Meantime, it's clear that operates under a much different set of journalistic standards,” he said. “The Web site's employee Bess Levin at no time sought out either the reporter or me for comment before this was published. Had she done so, we would have corrected her misleading assertions. The language in the headline and story is not only factually inaccurate, but personally and professionally offensive. I can assure you, Ms. Levin and Mr. Einhorn, that the Journal is proud of our reporting on this article and the way in which we practice journalism.”

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