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Einhorn Wins First Round Against Apple

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  • Description

    FBN’s Shibani Joshi discusses the latest news regarding Einhorn’s lawsuit against Apple.

  • Duration 1:14
  • Date

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This transcript is automatically generated

Allison finally certainly appoint for David Einhorn but he doesn't have the money yet so we can't say -- game is over but enjoy a judge ruled after the market close on Friday in his favor.

As David Einhorn in his green -- capital management firm and against apple ruling in favor of his interests when he blocked apple from moving forward on a vote.

Regarding preferred shares and how they -- issued this is something that Einhorn once he wants preferred shares issued to a -- -- a shareholder value the judge says -- bundling of this vote with other votes needed to and a violation of SEC rules.

These I press he's even call them an apple name I press -- perpetual preferred shares.

He wants issued from fifty bucks and with a recurring dividend of two dollars.

Using some of that a 137 billion dollars apple has -- around my house and end doesn't take a shareholder meeting any less interesting Madison -- this absolutely you know all continue to press on this issue in fact in a couple of other issues -- -- -- -- -- that could get contentious but overall Tim Cook says.

This is silly sideshow but David Einhorn does not think -- -- -- or a sideshow he's going to crass and -- and cracks.

To get some of that money back -- news out pockets this year -- the stock is down 36% since September so they need more her turn in a different way.

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