Electronista

Mobile News   Apple  
updated 07:00 PM EST 02.13.13
Apple hit with second shareholder lawsuit over cash pile
Piling on to hedge fund manager David Einhorn's misguided lawsuit over a change Apple is seeking in order to shareholders more say on the issuance of preferred stock, a second investor has brought a similar lawsuit against the company, seeking to stop another Apple proposal from coming to a vote. The new lawsuit covers the same proposal that Einhorn is suing over, and also objects to a proposal from Apple to give shareholders more say on the company's executive compensation.