Greenlight shows 'likelihood of success' against iPhone maker Apple


NEW YORK: A U.S. judge made no immediate ruling Tuesday on hedge fund star David Einhorn's legal attack on Apple Inc, but said the hedge fund had shown a "likelihood of success" if the case goes forward.

U.S. District Judge Richard Sullivan in New York reserved decision on hedge fund Greenlight Capital's request to block a February 27 shareholder vote on one of Apple's shareholder proposals. That proposal would eliminate the iPhone maker's ability to issue preferred stock without investor approval.

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