Greenlight's Einhorn sues Apple, 'dissatisfied' with capital plans

Published February 07, 2013

| 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."