Greenlight’s Einhorn Drops Suit Against Apple Over Preferred Stock Plans ⇥ thenextweb.com
Matthew Panzarino, The Next Web:
Apple removed that item from voting in the meeting after U.S. District Judge Richard Sullivan granted a motion to block the vote on ‘Proposal #2′, which would have eliminated preferred stock.
One wonders if that was the entire point of this lawsuit — blocking Proposal 2 — given that Einhorn dropped it just two days after the shareholder meeting. What happens next time Apple proposes dropping preferred stock? Another lawsuit?