Greenlight's Einhorn sues Apple, "dissatisfied" with capital plans

February 7, 2013 1:56 PM GMT

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Fund manager David Einhorn's Greenlight Capital on Thursday said it has filed suit against Apple Inc in federal court in New York over a proposal in Apple's proxy that Greenlight believes does not conform to regulatory rules.

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In a filing with the U.S. Securities and Exchange Commission, Greenlight said it was "dissatisfied with Apple's capital allocation strategy."

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(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)

Copyright 2012 Thomson Reuters. All rights reserved.
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