“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.”
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