AAPL action as investor threatens to sue and Apple issues statement

There was some AAPL action after billionaire hedge fund manager David Einhorn of Greenlight Capital issued a press release stating that his company had filed a lawsuit against Apple, targeting a proposal by Apple to eliminate preferred stock from its charter. Apple then issued a statement saying it is willing to consider Greenlight's ideas, but the proposal isn't as bad as it claims.

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  • Apple