U.K.'s FSA delivers a bit of a sucker punch to David Einhorn with the release (transcript) of...

|By:, SA News Editor

U.K.'s FSA delivers a bit of a sucker punch to David Einhorn with the release (transcript) of the infamous phone call between the investor and management at Punch Taverns that led to a fine from the regulator for insider trading. The gist of the call is that while management patiently tries to explain the need to raise capital to pay off its debt, Einhorn bristles at the "shockingly horrifying" decision and reminds the CEO who the largest private shareholder happens to be.