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News: Facing lawsuit, Apple responds to preferred stock proposal

Posted on January 1, 1970 by

Apple has taken the unusual step of issuing a press release in response to a lawsuit filed today by Greenlight Capital’s David Einhorn, who has pressured the company to create preferred stock that will distribute additional cash to shareholders. Indirectly addressing the lawsuit and a related open letter Einhorn published […]

Read the original post by Phil Dzikiy

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