David Einhorn and Greenlight Capital Inc fined £7.2m for trading on inside information in Punch Taverns Plc.
UK FSA Press Release
Article posted on 22 Feb 2012
Summary: The Financial Services Authority (FSA) has decided to fine David Einhorn, owner of the prominent US hedge fund Greenlight Capital Inc (Greenlight), and his fund £7.2 million for engaging in market abuse in relation to an anticipated significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.
Topics: Insider Trading UK FSA
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