SAN FRANCISCO (AP) – A disgruntled shareholder pressing Apple to create a new class of preferred stock has dropped a lawsuit that became a moot point after the iPhone and iPad maker changed the agenda at its annual meeting earlier this week.
Lawyers for hedge fund manager David Einhorn of Greenlight Capital notified U.S. District Judge Richard Sullivan that they no longer plan to pursue the lawsuit in a letter sent Thursday. Sullivan closed the case, which began three weeks ago in New York federal court.
