Wednesday, March 19, 2014 8:10:14 AM
"Shares of Micron jumped on the news that Mr. Einhorn was amassing a position. Mr. Einhorn argues that the surge in Micron’s shares made it more expensive to buy them.
As it happens, on that same day, Mr. Einhorn was preparing a filing with the Securities and Exchange Commission seeking “confidential treatment” of the stake in Micron so that the firm would not have to publicly disclose it in its 13F filing, which details a firm’s investment stakes from the previous quarter. He filed it later the same day.
Several weeks later, Mr. Einhorn disclosed the position himself at a Robin Hood event in which investors made contributions to charity to hear investment ideas from hedge fund managers like Mr. Einhorn.
Mr. Einhorn is petitioning the court to force Seeking Alpha, which has several hundred bloggers who are industry insiders, many of whom publish articles and comments anonymously, to disclose the identity of Valuable Insights. Seeking Alpha, which is based in Tel Aviv, has not responded to the petition. A spokesman based in New York declined to comment, as did a spokesman for Mr. Einhorn.
In an industry whose lifeblood is information, this case underscores the struggle between secrecy and transparency.
does kinda make you wonder about the 70 mil shares and use of a "confidential treatment" no?...full article... http://dealbook.nytimes.com/2014/03/17/hedge-fund-spars-with-a-nameless-blogger/?_php=true&_type=blogs&action=click&module=Search®ion=searchResults%230&version=&url=http%3A%2F%2Fquery.nytimes.com%2Fsearch%2Fsitesearch%2F%3Faction%3Dclick%26region%3DMasthead%26pgtype%3DHomepage%26module%3DSearchSubmit%26contentCollection%3DHomepage%26t%3Dqry581%23%2FEINHORN%2F7days%2F&_r=0 ...imao...r
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