14.02.2013 01:50 Uhr, Quelle: MacNN

Apple hit with second shareholder lawsuit over cash pile

Piling on to hedge fund manager David Einhorn's misguided lawsuit over a change Apple is seeking in order to shareholders more say on the issuance of preferred stock, a second investor has brought a similar lawsuit against the company, seeking to stop another Apple proposal from coming to a vote. The new lawsuit covers the same proposal that Einhorn is suing over, and also objects to a proposal from Apple to give shareholders more say on the company's executive compensation.

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