Tuesday, March 31, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook User Tracking Violates EU Law, Research Says
Google Releases Cheaper Chromebooks
Intel Releases New Braswell SoCs
WD's My Passport X Delivers 2 TB of Storage for Xbox One and PC Gamers
Google To Use SSDs From Samsung: report
Microsoft Introduces The Surface 3
Samsung Now Offers New Lineup of 3-bit V-NAND Based 850 EVO SSDs for Ultrathin PCs
Samsung, LG End Legal Disputes
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > General Computing > Einhorn...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 01, 2013
Einhorn Drops Lawsuit Against Apple


David Einhorn of Greenlight Capital has dropped a lawsuit against Apple, after he succesfully blocked the iPhone maker from moving forward with a shareholder vote on a controversial proposal.

Greenlight, a shareholder since 2010 with 1.3 million Apple shares worth nearly $600 million, was dissatisfied with Apple's proposal to eliminate preferred stock, as such a moe would close down one avenue for Apple to reward shareholders with more cash.

Apple had sought to limit its ability to issue preferred shares without a shareholder vote, but Einhorn challenged that in court.

U.S. District Judge Richard Sullivan ruled in Einhorn's favor last week. The preliminary ruling blocked Apple's proposal that would have required shareholder approval before preferred stock could be issued. Apple withdrew the proposal from the agenda at its annual meeting, so Einhorn dropped his lawsuit.


Previous
Next
Judge Trims Apple's Patent Award Against Samsung        All News        Facebook To Unveil New New Newsfeed
Judge Trims Apple's Patent Award Against Samsung     General Computing News      Facebook To Unveil New New Newsfeed

Get RSS feed Easy Print E-Mail this Message

Related News
Apple Offers Trade-in Program For Android, Blackberry And Windows Phones
Apple Rumored To Release New iPhones Later This Year
New Apple TV hardware Coming This Summer: report
Apple To Launch Online TV Service: report
Outage Hit Apple Services
CIA Was Trying To Hack Apple iPhones: report
Apps Remain The Key To Success For Apple Watch
Apple iOS 8.2 Now Avaialable For Download
Apple Details Apple Watch, ResearchKit, Unveils New Macbook, Updates MacBook Pro And MacBook Air
Apple Watch: What We Know So Far
Apple Allowed App Developers Fine-tune Apps Before Watch Debut
Larger iPad Production Pushed Back For September

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .