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FEB 22, 2013 - MarketWatch

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Court rules in Einhorn's favor in Apple case

SAN FRANCISCO (MarketWatch) - A federal court in New York has sided with hedge fund manager David Einhorn in preventing Apple Inc. from putting a proposal to eliminate preferred stock to a vote by shareholders. The court said it finds that Einhorn's Greenlight Capital "have demonstrated by a 'clear showing' that they have satisfied the elements for a preliminary injunction regarding" an Apple proposal, which includes a provision that would allow shareholders to vote on a preferred stock plan. However, the court denied Einhorn's bid for a preliminary injunction on another proposal that ... Read More

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