Greenlight Discovers Blogger’s Identity

Mar 25 2014 | 2:17pm ET

As it turns out, Greenlight Capital didn’t need a court’s help to identify a blogger it accused of disclosing its investment in Micron Technologies while it was still building the position.

The New York-based hedge fund said it had the real name of “Valuable Insights,” the Seeking Alpha blogger who broke word of Greenlight’s investment in November, ahead of the firm’s public disclosure. Greenlight had asked a judge to force Seeking Alpha to identify the blogger, which it refused to do; a hearing had been set for next month.

Seeking Alpha said it had not identified Valuable Insights to Greenlight, which said it had “resolved the matter privately.” The hedge fund did not identify the blogger.

“We’re happy Greenlight is no longer pursuing the case,” Seeking Alpha editor-in-chief Eli Hoffmann said. “This is not the first demand we have had to disclose pseudonymous authors’ identities; we have yet to disclose author identity in any claim submitted to court.”

In its lawsuit against Seeking Alpha, Greenlight alleged that Valuable Insight’s report drove up the price it paid for its Micron stake, and that the blogger was a Micron shareholder.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note