Greenlight Capital sues Apple to force greater payouts to shareholders

February 08, 2013
<p>Suit seeks to prevent Apple from requiring shareholder approval for issuance of dividend-paying preferred stock</p>
Hedge fund manager and shareholder activist David Einhorn is suing Apple in an attempt to force the tech giant to start paying out more of its ‘hoard’ of cash and sink the firm’s plan to make it more difficult to issue dividend-paying preference shares. Einhorn,

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