Apple shareholder drops lawsuit on preferred stock

 
By MICHAEL LIEDTKE, AP Technology Writer | Published: March 3, 2013   

— A disgruntled shareholder pressing Apple to create a new class of preferred stock has dropped a lawsuit that became a moot point after the iPhone and iPad maker changed the agenda at its annual meeting earlier this week.

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Lawyers for hedge fund manager David Einhorn of Greenlight Capital notified U.S. District Judge Richard Sullivan in a letter sent Thursday that they no longer plan to pursue the lawsuit ....
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