Einhorn Barks At Apple, But Stock Suit May Lack Bite

Law360, New York (February 7, 2013, 8:18 PM EST) -- Despite his cachet among investors, hedge fund heavyweight David Einhorn may win little more than free publicity with his suit Thursday pressuring Apple Inc. to dole out preferred stock, experts say.

Einhorn, a prominent short-seller whose opinions have the power to move markets, controls 1.3 million shares of Apple stock through his fund Greenlight Capital LP. Unhappy with Apple’s recent performance, he wrote a public letter to fellow shareholders Thursday urging them to vote against the technology giant’s proposal to eliminate a type of preferred stock....
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