Greenlight's Einhorn sues Apple, "dissatisfied" with capital plans
Posted : Thursday, 07 February 2013 08:45AM
(Reuters) - Fund manager David Einhorn's Greenlight Capital on Thursday said it has filed suit against Apple Inc in federal court in New York over a proposal in Apple's proxy that Greenlight believes does not conform to regulatory rules.
In a filing with the U.S. Securities and Exchange Commission, Greenlight said it was "dissatisfied with Apple's capital allocation strategy."
(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)
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