{"id":40693,"date":"2014-02-19T07:04:56","date_gmt":"2014-02-19T12:04:56","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=40693"},"modified":"2014-02-19T07:13:43","modified_gmt":"2014-02-19T12:13:43","slug":"hedge-fund-goes-after-anonymous-blogger-for-spilling-trade-secrets","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2014\/hedge-fund-goes-after-anonymous-blogger-for-spilling-trade-secrets.html","title":{"rendered":"Hedge Fund Goes After Anonymous Blogger For Spilling Trade Secrets"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/02\/images-21.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-40702\" alt=\"images (2)\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/02\/images-21.jpg\" width=\"299\" height=\"168\" \/><\/a>New York (HedgeCo.Net) &#8211;\u00a0David Einhorn, the founder of hedge fund Greenlight Capital is going after anonymous blogger &#8220;Valuable Insights&#8221; who posts on the financial website ValueWalk.<\/p>\n<p>Einhorn filed a lawsuit seeking to identify the financial blogger in order to sue him or her. The hedge fund had wanted to keep its trades confidential so no one else would buy the sought-after stock, apparently blogging about it rose the stock price, frustrating and angering the hedge fund giant.<\/p>\n<p><a href=\"http:\/\/www.valuewalk.com\/2014\/02\/greenlight-lawsuit-micron\/\" target=\"_blank\">ValueWalk reports<\/a> that: Sometime prior to 9:32 AM on November 14, 2013, Valuable Insights posted \u201cExpect one mega hedge fund rock star to show up as [Micron] holder today, not Ackman, Icahn or Loeb . . . .\u201d Valuable Insights then followed up that post by giving hints to other users of Seeking Alpha. First, he or she posted \u201cHint\u2026this hedge fund has experience in\u00a0consolidating (oligopoly) tech industries\u2026.\u201d\u00a0 He or\u00a0\u00a0 she continued: \u201cHint\u2026would not mention if\u00a0fund added more than 2 or 3 positions a quarter\u2026.\u201d At or around 9:32 AM, after the original and\u00a0follow-up messages had been posted by Valuable Insights, Seeking Alpha user \u201cDr. Joseph\u00a0Haluska\u201d suggested \u201cEinhorn\u201d, referring to Greenlight\u2019s\u00a0President and co-founder, David\u00a0Einhorn. Valuable Insights responded at 10:15 AM, confirming that Greenlight was the Micron shareholder referred to in its earlier posts with the statement: \u201cThe Dr. is in\u2026you heard it here first.\u201d<\/p>\n<p>Greenlight had wanted to keep the investment in Micron confidential until Nov. 21st, according to the NYT.\u00a0Seeking Alpha has refused to voluntarily reveal the name of the unidentified blogger.<\/p>\n<p>\u201cThere is a serious First Amendment issue here,\u201d Floyd Abrams, a First Amendment lawyer with Cahill Gordon &amp; Reindel said to the NYT.\u00a0\u201cHe will have a pretty tough job persuading a judge.\u201d<\/p>\n<p>Greenlight alleges that the blogger \u201cwrongfully disclosed and misappropriated valuable trade secrets,\u201d \u201cbreached confidentiality obligations owed to Greenlight, and \/ or \u00a0\u201caided and abetted the breach of such confidentiality obligations.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211;\u00a0David Einhorn, the founder of hedge fund Greenlight Capital is going after anonymous blogger &#8220;Valuable Insights&#8221; who posts on the financial website ValueWalk. Einhorn filed a lawsuit seeking to identify the financial blogger in order to sue [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,3],"tags":[],"class_list":["post-40693","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=40693"}],"version-history":[{"count":8,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40693\/revisions"}],"predecessor-version":[{"id":40707,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40693\/revisions\/40707"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=40693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=40693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=40693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}