Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Einhorn's Greenlight Claims GM Misled Credit Raters On Stock
Hedge Funds

Einhorn's Greenlight Claims GM Misled Credit Raters On Stock

by bloomberg.com posted 1year ago 298 views
Billionaire David Einhorn’s Greenlight Capital doubled down on its pitch for new General Motors Co. dividend shares, saying the carmaker misrepresented the hedge fund’s proposal for a stock split. GM presented “a one-sided and flawed analysis” to ratings companies, Vinit Sethi, a Greenlight partner and director of research, said in a statement. Underwhelmed by GM’s returns as a shareholder since 2011, Greenlight has nominated Sethi to serve as a director, along with private-equity firm executives Leo Hindery and William Thorndike. “To ensure the GM board objectively considers our plan and to look after the best interests of shareholders, we are nominating...

In this article