Einhorn hedge fund may succeed in Apple case, judge says

David Einhorn’s hedge fund has shown a “likelihood of success” if his legal attack against Apple Inc goes forward, a US judge said, though he made no immediate ruling on fund’s request to block a shareholder vote on a proxy proposal next week.

US District Judge Richard Sullivan has reserved decision on a lawsuit by the fund, Greenlight Capital, to stop a February 27 shareholder vote on an Apple proposal to end the issuance of preferred stock without investor approval.

via Business feed http://www.scmp.com/business/companies/article/1154487/einhorn-hedge-fund-may-succeed-apple-case-judge-says