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News Summary: Apple calls lawsuit 'silly sideshow'

Published on NewsOK Modified: February 12, 2013 at 2:57 pm •  Published: February 12, 2013

THE ASSESSMENT: Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow."

ABOUT THE DISPUTE: Investor David Einhorn sued Apple Inc. last week, saying a proposal slated for a vote at the company's annual meeting in two weeks would make it more difficult to enact his plan to reward shareholders by distributing a new class of shares.

COOK'S PROMISE: Repeating previous statements, Cook says Apple is "seriously" looking at ways to hand out more cash to shareholders.