Einhorn case against Apple rests on unusual legal tactic

NEW YORK (Reuters) – Hedge fund star David Einhorn wants to force Apple Inc to share some of its huge cash reserves with investors, but his lawsuit rests on a U.S. securities rule that has little legal precedent. Einhorn’s Greenlight Capital sued the iPad and iPhone maker in U.S. District Court in Manhattan on Thursday to try to prevent Apple from eliminating preferred stock from its charter. The suit is part of Einhorn’s bid to pressure Apple to use some of its $137 billion in cash to issue perpetual preferred shares that pay dividends to existing shareholders. …

Quoted from Einhorn case against Apple rests on unusual legal tactic on Gadgets News Headlines – Yahoo! News

Einhorn case against Apple rests on rarely used legal tactic Little to no case law exists on the question, and the SEC's own rule is relatively general with little guidance, legal experts said. But Einhorn argues that the cost of taking positions against the market is now “quite low” given tighter spreads. Additionally, it’s worth noting that if the cycle ever does turn (or maybe “if the cycle The settlement of charges filed by the Financial Services Authority, Britain’s financial regulator, David and his hedge fund, Greenlight Capital, for trading cfidential informati highlights how malleable the term “insider trading” can Tags: einhorn, case, highlights, britains, Einhorn Presses Case Against Apple Hedge fund manager David began to detail his plan for to return more cash to shareholders, in an attempt to rally support for his plan for a new type of preferred stock. Die Einhörner sind los! Bei EMP kannst du nun wild drauf losshoppen und viele unserer magischen artikel kaufen. V der beliebten Badeente, über Poster bis hin zu T-Shirts und Kapuzenpullover - bei uns findest

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