Apple responds to shareholder lawsuit regarding company’s growing cash hoard

Apple’s PR arm keeps busy, as the company today issued a press release addressing the recent lawsuit filed by David Einhorn, the hedgefund manager of Greenlight Capital, which owns a substantial number of Apple shares. The crux of Einhorn’s complaint is that Apple has an excess of cash on hand and should return more of it to the company’s shareholders. Einhorn also expressed concern that a proposed…
Yoni Heisler’s blog

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