Einhorn

Greenlight Capital hedge fund has dropped its lawsuit against Apple. They wanted Apple to distribute its money among shareholders through a customized preferred share option they designed.

Apple Inc. is discussing plans to return more of its cash to shareholders. The statement was prompted after hedge fund manager David Einhorn launched a PR offensive to lobby for cash dispersal and sued the company for wanting to eliminate preferred stocks.

Greenlight Capital hedge fund has dropped its lawsuit against Apple. They wanted Apple to distribute its money among shareholders through a customized preferred share option they designed.

Apple Inc. is discussing plans to return more of its cash to shareholders. The statement was prompted after hedge fund manager David Einhorn launched a PR offensive to lobby for cash dispersal and sued the company for wanting to eliminate preferred stocks.