“Apple Inc. is violating the law by packaging a measure to limit the offering of preferred shares with other matters up for a shareholder vote, Greenlight Capital Inc. said in a court filing,” Christie Smythe reports for Bloomberg News.
“David Einhorn’s investment firm said in a brief filed yesterday in federal court in Manhattan that Apple’s move would cause “an actual and imminent injury” to investors,” Smythe reports. “The Feb. 27 vote should be stopped unless Apple unbundles the measures and allows each to be considered separately, Greenlight said in the filing.”
Smythe reports, “Apple said in a filing Feb. 13 that it isn’t breaking SEC rules and that the preferred share measure isn’t as restrictive as Greenlight alleges.”
Read more in the full article here.
This guy is a complete idiot. If the judge does not throw this out at the end of the very first hearing then the judge is an idiot.
WHY DO WE HAVE TO TAKE THIS EFFIN SHIT FROM THESE AHOLES? Damn the idiot Georg W Bush who changed the shorting to this idiocy. Apple has to build its HQ somewhere else than Cupertino. USA laws are so rotten.
Let me get this straight. You seem angry and want to take it out on who? How about trying to say it in a strong way without the vulgarities?
Quite the Strawman you’ve got there.
Why do I have to take foul language from you? Please sir, use civilized speech.
Limiting preferred share is an imminent danger to Wall Street thieves who see Apple cash horde and plot ways to steal it, it is a protection for common shareholders like me.
Apple isn’t limiting preferred shares. They are eliminating the power of the board of directors to create preferred shares without a shareholder vote. Einhorn knows shareholders won’t vote for his greedy scheme and thinks he can push the board around if he makes enough noise. Right now he’s using the patented Samsung “stall on a technicality ™” technique to create enough FUD to confuse the vote and maybe win.
Wow. This man is another rich scum of the earth.
Money is the root of all evil. I think that is the right term. Apple has made great damn products that people want and they buy them. And Apple makes money when we buy their products. No damn wonder why companies go over seas. Our damn government taxes the hell out of them and finds other ways to steal their stuff. And Mr. Einhorn is nothing but a total Greed Ass!!!!! Just my opinion though.
Actually, its the ‘LOVE’ of money that is the root of ‘MANY’ evils. Money in and of its self is not evil. It is a tool that can be used for either good or evil purposes.
Wade – ‘The love of money is the root of evil’. Money per se is not bad: we make the decision to use it for evil.
gedboy is right Wade. Money is just a tool.
Okane ha warukunai.
What an arsehole.
Liverpool, UK.
I’m not quite sure why letting shareholders vote is wrong? So unbundle it. Count the votes and move on.
Apple should buy back all the shares… take the company private and tell wall street to shut up!
(not even sure that is possible, but so what)
Wonder how much Microsoft is paying Greenlight?