Judge Says David Einhorn's Suit Against Apple Has 'A Likelihood Of Success'.
February 20, 2013 - 7:52am
By BusinessInsider
- David Einhorn's hedge fund has shown a "likelihood of success" if his legal attack against Apple Inc goes forward, a U.S. judge said, though he made no immediate ruling on fund's request to block a shareholder vote on a proxy proposal next week.
U.S. District Judge Richard Sullivan on Tuesday reserved decision on a lawsuit by the fund, Greenlight Capital, to stop a February 27 shareholder vote on an Apple proposal to end the issuance of preferred stock without investor approval.
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