Greenlight Capital says the issue in the suit was resolved when Apple removed the proposal related to preferred shares from consideration at its shareholder meeting.
David Einhorn's Greenlight Capital is suing Apple to block a shareholder proposal that would prevent the electronics giant from issuing preferred shares. Apple fires back, saying that the proposal wouldn't prevent preferred shares and that it will "thoroughly evaluate" Greenlight's plan.
The company removes a proposal that would eliminate its ability to issue "blank check" preferred stock without investor approval.
Legal victory for hedge fund manager's bid to force Apple to share more of its wealth with investors.
The outspoken Apple investor pitches others on his plan to set up a recurring payout called iPrefs.
The hedge fund manager suing Apple over its mountain of cash will address investors in a conference call and Webcast on Thursday.
The hedge fund manager's injunction request would "harm the public interest," Apple says in its response.
CEO Tim Cook says during a Goldman conference that the company doesn't have a Depression-era mindset and the lawsuit filed by David Einhorn's Greenlight hedge fund is a waste of time and money.
David Einhorn's hedge fund, Greenlight Capital, drops the investment it made in Yahoo, saying the profit it had hoped to see from the Internet giant's stake in China's Alibaba Group didn't pan out.
Joe Einhorn is trying to create a post-Amazon world in which social shopping rules and images replace keywords.