Greenlight Capital’s Einhorn drops lawsuit against Apple

“David Einhorn’s Greenlight Capital has dropped its lawsuit against Apple Inc. after the company withdrew a controversial proposal from its Wednesday shareholder meeting,” Wallace Witkowski reports for MarketWatch.

“The case was closed following a Thursday filing with the U.S. District Court for the Southern District of New York,” Witkowski reports.

Brief article in full here.

John Paczkowski reports for AllThingsD, “Reached for comment, a Greenlight spokesman said the suit had served its purpose: ‘Apple removed the bundled proposal from the shareholder meeting therefore resolving the issue.'”

Brief article in full here.

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Why David Einhorn’s win may be Apple’s gain – February 26, 2013
Apple’s cash drama is far from over; Einhorn’s victory could embolden others – February 26, 2013
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Judge sides with Einhorn, halts Apple shareholder vote on Proposal No. 2 – February 22, 2013
Einhorn says Apple ‘iPref’ stock would unlock pent up value – February 21, 2013
Greenlight’s Einhorn outlines his plan for Apple to return more cash to shareholders – February 21, 2013
Einhorn’s Greenlight Capital: Every Apple shareholder should get preferred shares ‘for free’ – February 21, 2013
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Greenlight makes case to stop Apple preferred-stock vote – February 19, 2013
Apple accused by Greenlight of breaking law by bundling – February 16, 2013
Judge approves Apple request to expedite Einhorn’s Greenlight Capital case – February 11, 2013
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Greenlight’s Einhorn sues Apple over plan to eliminate preferred stock, wants more cash distributed – February 7, 2013
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  1. It was a sideshow and I give Tim credit for calling it what it was. Now if Einhorn and his ilk would just drop off the face of the earth, it would make things far more pleasant.

  2. Isn’t coercing someone to provide money or a service (in this case, the service of not bringing something to a vote) extortion? I thought that was a criminal offense. Maybe not, if you have enough money…

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