Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

David Einhorn's Greenlight Capital hedge fund may succeed in Apple Inc case, judge says

Feb 20 2013, 16:43 IST
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SummaryCandidly I do think the likelihood of success is in favor for Greenlight, says Richard Sullivan.

is going to get you over the hump for irreparable harm," Sullivan said.

A separate lawsuit against Apple  heard at Tuesday's hearing was filed by a different investor, Brian Gralnick. The lawsuit seeks to block not just a vote on Proposal No. 2 but also an advisory "say-on-pay" vote on executives compensation.

Sullivan indicated Tuesday he would rule against Gralnick on his request for an injunction. Apple  shares ended regular trading on Tuesday down 17 cents at $459.99.

The case is Greenlight Capital LP, et al., v. Apple  Inc., U.S. District Court, Southern District of New York, 13-900.

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