Greenlight wants judge to stop Apple adopting certain stock measures

Greenlight Capital will try to persuade a federal judge to stop Apple from adopting measures it says limit the company’s ability to offer preferred stock, reports “Bloomberg” (http://tinyurl.com/bdrp348).

Greenlight, the hedge fund whose founder, David Einhorn, has been urging Apple to share its cash with investors by issuing high-yielding preferred shares, alleged in a lawsuit that the company unfairly lumped a stock restriction with two other corporate governance matters set for a vote by investors on Feb. 27.

read more