Einhorn’s Greenlight Drops “Silly” Apple Suit

We wish people involved in this lawsuit would take this money and donate it to a good cause. This is a waste of money for all involved. It’s a silly sideshow.– Apple CEO Tim Cook Hedge fund magnate and famous Apple bull David Einhorn has dropped his lawsuit against the company in which he holds … Continue reading

Apple CEO Tim Cook Calls Greenlight Lawsuit “Bizarre”

AllThingsD.com In his first public comments since Apple was sued on the subject, Apple CEO Tim Cook dismissed a lawsuit brought last week by Greenlight Capital concerning a proposal on the company’s proxy statement as “bizarre” and a “silly sideshow.” Speaking at a Goldman Sachs conference in San Francisco, Cook said Apple won’t make any … Continue reading

Greenlight’s Einhorn sues Apple, ‘dissatisfied with capital allocation strategy’

Here come the lawsuits. “Fund manager David Einhorn’s Greenlight Capital on Thursday said it has sued Apple Inc and said the company needs to do more to unlock value for shareholders,” Reuters reports. “Einhorn said Greenlight filed suit in federal court in New York to force Apple to modify a proposal on its proxy [No. … Continue reading