Reuters first to report SEC probes into Philip Falcone's Harbinger Partners

Reuters scooped rivals in reporting on April 28 that famous hedge fund manager Philip Falcones Harbinger Capital Partners is facing several regulatory probes into possible market manipulation and short-sale rule violations. By finding a private filing, Reuters was first to report the developments in the informal` investigations that are being conducted on the $6 billion hedge fund firm by the U.S. Securities and Exchange Commission. The Wall Street Journal wrote a story hours later and credited Reuters with having been the first to report the news. The New York Times Dealbook picked up the Reuters story, and industry websites such as Albourne Village featured the story prominently on their pages.