Shorting” New York City’s Schools?
Hedge fund manager David Einhorn was in the news this week after he and his firm were hit with an $11.2 million fine for insider trading. Based on an investigation by authorities in the UK, Einhorn was cited for selling millions of shares of a troubled business just minutes after an executive there quietly revealed to him that the company was in financial trouble:
If the name sounds familiar to many New Yorkers, it may be because of his recent flirtation with becoming the white knight of the beleaguered Mets franchise; others may remember him for his fame as the financial analyst whose decision to bet on the collapse of Lehman Brothers made