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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