Apple Shareholder Vote May Violate Law, Judge Says

Law360, New York (February 19, 2013, 6:44 PM EST) -- Apple Inc. likely violated a federal securities regulation by forcing shareholders to cast a single vote on several changes to its articles of incorporation proposed in its proxy statement, a New York federal judge indicated Tuesday.

Apple could have run afoul of a U.S. Securities and Exchange Commission regulation by forcing shareholders to make a straight up-and-down vote on three separate amendments, U.S. District Judge Sullivan suggested at a hearing. But he declined to say immediately whether he would grant a hedge fund's request to stop...
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Case Information

Case Title

Greenlight Capital, L.P. et al v. Apple, Inc.


Case Number

1:13-cv-00900

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Richard J. Sullivan

Date Filed

February 6, 2013

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