View full page at forexfactory.com

 

Einhorn’s pub bill comes to $11.2M

From nypost.com

Hedge-fund hotshot David Einhorn may have been hit with the largest bar tab in history after receiving an embarrassing slap on the wrist yesterday for “inadvertent” insider trading of a UK pub owner — casting clouds over his otherwise clean image. Einhorn, the 43-year-old whiz kid, was told to fork over 7.2 million pounds, or $11.2 million, for trading ahead of a 2009 stock offering by British pub operator Punch Taverns. The UK’s top financial regulator, Financial Services Authority, said Einhorn was given a heads up about the risky stock sale by Punch’s executives, prompting him to reduce his 13.3 percent stake in ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News