Einhorn Rapped For Insider-Trading

Jan 25 2012 | 1:52pm ET

The Financial Services Authority ordered Greenlight Capital's David Einhorn to pay £7.2 million (US$11.2 million), including a £3.7 million fine. The agency said that Einhorn ordered Greenlight to sell its entire stake in Punch Taverns after learning that the company was about to announce a round of equity financing. At the time of Einhorn's order, Greenlight owned 13.3% of Punch's stock.


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Publisher's Note

    Save The Date: FINforums Annual Hedge Fund Summit

    Feb 21 2012 | 9:10am ET

    Deirdre BrennanDeirdre BrennanFINforums, the events arm of FINalternatives, is holding its Annual Hedge Fund Summit on Sept. 20, 2012 at the Sentry Centers in New York City. Don't miss out on this chance to meet and mingle with the top decision makers and investors in the alternative asset management industry.
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