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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