Today's Hard|Forum Post
Today's Hard|Forum Post

Friday February 22, 2013

Court Backs Einhorn: Stops Apple's Proxy Vote

You know the powers that be at Apple aren't too happy about this.

Now U.S. District Judge Richard Sullivan has granted his bid to block next week's shareholder vote on an Apple proxy proposal that would eliminate its ability to issue "blank check" preferred stock without investor approval. Einhorn contended that Apple illegally bundled that provision with several other items up for investor consideration.