From Einhorn’s perspective, the lawsuit is no longer necessary: he got what he wanted.
Purpose of the call? To tell investors why each Apple shareholder should get perpetual preferred stock, for free.
The Apple CEO has a lot to say to investors. His company’s stock has been ravaged by Wall Street in the past year, causing the company’s valuation to drop over $200 billion in the last half-year.
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.