Apple cash pile fight ends with a win for Greenlight Capital, judge rules
A U.S. judge ruled today in favor of stopping a vote by Apple shareholders on a proposal to change the company's policy for issuing preferred stock.
A U.S. judge ruled today in favor of stopping a vote by Apple shareholders on a proposal to change the company's policy for issuing preferred stock.
Purpose of the call? To tell investors why each Apple shareholder should get perpetual preferred stock, for free.
Apple has swiftly responded to a lawsuit filed this morning by investor David Einhorn's hedge fund Green Light Capital, in an attempt to quell further outcry from investors.