Apple may return cash to investors due to lawsuit

Einhorn, president of Greenlight Capital, speaks during the Sohn Investment Conference in New York

If you’re an Apple investor, you’ve probably heard about that huge pile of cash Apple is sitting on. As an investor, you’re also probably wondering if and when you’ll be able to get your hands on your rightful share of said pile. Well, according to a new report, that time may come pretty soon!

After it was announced today that Apple was being sued by the hedge fund Greenlight Capital, run by manager David Einhorn, the company behind the iPhone said that it is looking into ways to give back to investors. In the lawsuit, Greenlight included a proposal on what Apple should do with its excess cash flow, and the Cupertino firm did not totally dismiss Greenlight’s ideas. In a statement, Apple said, “As part of our review, we will thoroughly evaluate Greenlight Capital’s current proposal to issue some form of preferred stock. We welcome Greenlight’s views and the views of all of our shareholders.”

Are any of you investors in Apple? Are you excited about Greenlight’s idea of giving back to the investors in the company? Share your opinions in the comments.

Source: CNET

Image via: Reuters

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