Apple Investor Einhorn Wins Partial Halt Of Shareholder Vote

Law360, New York (February 22, 2013, 6:27 PM EST) -- A New York federal judge on Friday blocked part of an upcoming Apple Inc. shareholder vote, a win for billionaire hedge fund owner David Einhorn, a critic of the company’s purported cash hoarding.

Apple's plan to force shareholders to give a single yes-no vote to a set of amendments to its articles of incorporation may violate a U.S. Securities and Exchange Commission regulation barring so-called bundling, U.S. District Judge Richard Sullivan said in a written order.

The decision comes in the context of a larger battle...
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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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