Judge: Apple shareholder suit shows 'likelihood of success'
A federal judge said today he sees merit in an activist hedge-fund manager's lawsuit against Apple but did not issue a ruling on whether to block next week's shareholder vote on a proxy proposal.
U.S. District Judge Richard Sullivan declined to immediately rule on a request by Greenlight Capital to stop a February 27 vote because he wasn't sure the plaintiff would suffer "irreparable harm" if the vote was allowed to be held as scheduled.
"Candidly, I do think the likelihood of success is in favor for Greenlight," Sullivan said today in … Read more