David Einhorn has dropped his lawsuit against Apple in which he and his investment firm Greenlight Capital were seeking to force Apple to unbundled three proposed company charter changes, one of which he thought would have killed preferred stock.
Tim Cook called the lawsuit “a silly sideshow,” but Apple did rush to calm investors shortly after the suit was filed, and ultimately, Einhorn was successful, as the controversial proposals were eventually dropped from Apple’s shareholder meeting.
From Einhorn’s perspective, the lawsuit is no long necessary: he got what he wanted.
Einhorn and his PR representatives were not available to talk about the issue when VentureBeat contacted Greenlight.
This is a breaking story; check back for updates.
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