Apple will soon respond to the lawsuit filed against it last week by David Einhorn's Greenlight Capital.
According to The Wall Street Journal, Apple plans to file its response to Greenlight by tomorrow. Greenlight will then file its reply on Friday. The first hearing could take place as early as next week.
The Greenlight hedge fund filed a lawsuit against Apple last week, saying that the company should distribute high-yield preferred stock to shareholders. According to Greenlight, this would allow Apple to hold a large amount of its cash while giving shareholders more of the value of Apple's … Read more