Greenlight http://www.globalpost.com/taxonomy/term/31119/all en Greenlight sues Apple, with eye on cash pile http://www.globalpost.com/dispatch/news/afp/130207/greenlight-sues-apple-eye-cash-pile <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US hedge fund Greenlight Capital Thursday filed suit against Apple as it boosted pressure on the tech giant to unleash to shareholders the value of its huge capital stockpile.</p> <p>Greenlight sued the maker of iPhones and iPads to block a shareholder vote that includes a proposal, supported by management, to make it impossible for the Apple board to decide to issue preferred stock.</p> <p>The hedge fund alleged that Apple violated US securities policies by "bundling" the proposal on preferred stock with two other shareholder-friendly measures.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/greenlight-sues-apple-eye-cash-pile" target="_blank">read more</a></p> Apple Business Equity securities Financial economics Greenlight Stock market AFP Thu, 07 Feb 2013 18:16:08 +0000 Agence France-Presse 5749220 at http://www.globalpost.com