“Einhorn’s $8 billion Greenlight Capital is seeking an injunction to block a February 27 shareholders’ vote on ‘Proposal 2’ in Apple’s proxy statement, which would abolish a system for issuing preferred stock at its discretion,” Gibbs and Coates report. “Apple declined to comment on Einhorn’s plan to appeal directly to shareholders. Chief Executive Tim Cook last week dismissed the lawsuit as a ‘silly sideshow.'”
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