Law360, New York (February 15, 2013, 10:00 PM ET) -- Greenlight Capital Inc. argued Friday that Apple should not be allowed to group a few proposed amendments together for a shareholder vote — including one they opposed that would take away preferred stock — arguing it would essentially have shareholders vote against their interests.
Greenlight and its principal, prominent short-seller David Einhorn, challenged Apple’s argument it had only bundled “pro-shareholder” amendments together, and argued that eliminating preferred shares is not favorable to shareholders and that it mainly only serves to help the company’s board defend itself...
Greenlight Pans Proposed Apple Changes To Preferred Stock
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