Judge grants Einhorn injunction against Apple

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Reuters Delhi, India
Last Updated : Feb 23 2013 | 2:30 AM IST

NEW YORK (Reuters) - A judge handed hedge fund star David Einhorn a victory in his court battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.

U.S. District Judge Richard Sullivan in Manhattan granted a motion by Einhorn's Greenlight Capital for a preliminary injunction stopping the vote on that proposal. The vote was scheduled for February 27 as part of the company's annual stockholders' meeting.

(Reporting By Nate Raymond in New York; Editing by Martha Graybow, Gary Hill)

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First Published: Feb 23 2013 | 2:12 AM IST

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