UPDATED 10:34 AM EST, February 7, 2013
NEW YORK (AP) — Greenlight Capital is suing Apple in federal court in New York over attempts to eliminate preferred stock at the company.
David Einhorn, who heads Greenlight, said Thursday that the proposal would restrict the ability of Apple's board to unlock shareholder value.
Apple Inc., based in Cupertino, Calif., is the world's most valuable company.
