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Why Greenlight capital wants to sue
The court document states that Greenlight Capital began investing in Micron Technology, Inc. (NASDAQ:MU) back in July but did not disclose that stake on its third quarter13F filing with the Securities and Exchange Commission. David Einhorn's firm goes on to state that it requested "Confidential Treatment" regarding its stake in Micron in a letter to the SEC, which is dated Nov. 14.
In that letter, Greenlight indicated that it would keep building its position in the company. The letter also stated that disclosing the stake in Micron Technology, Inc. (NASDAQ:MU) "would materially impair or possibly eliminate Greenlight's ability to successfully pursue its investment strategy."
Before the SEC received that letter in November, the only people who...
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