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A tale of market abuse highlighting traps for the unwary

  • Gibson Dunn & Crutcher LLP
  • -
  • United Kingdom, USA
  • -
  • March 5 2012

The UK Financial Services Authority ("FSA") imposed fines of £3.651 million ($5.77 million) on Greenlight Capital Inc., a US hedge fund manager ("Greenlight"), £3.638 million ($5.74 million) on David Einhorn, Greenlight's owner, and £350,000 ($553,000) on Andrew Osborne, a former Bank of America Merrill Lynch banker