News Summary: Apple calls lawsuit 'silly sideshow'

|
Photo -   FILE - In this Wednesday, March 7, 2012 photo, Apple CEO Tim Cook announces the new iPad in San Francisco. Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow,"on Tuesday, Feb. 12, 2013, even as he said he is open to looking at the shareholder's proposals for sharing more cash with investors. (AP Photo/Paul Sakuma, File)
FILE - In this Wednesday, March 7, 2012 photo, Apple CEO Tim Cook announces the new iPad in San Francisco. Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow,"on Tuesday, Feb. 12, 2013, even as he said he is open to looking at the shareholder's proposals for sharing more cash with investors. (AP Photo/Paul Sakuma, File)
News,Business

THE ASSESSMENT: Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow."

ABOUT THE DISPUTE: Investor David Einhorn sued Apple Inc. last week, saying a proposal slated for a vote at the company's annual meeting in two weeks would make it more difficult to enact his plan to reward shareholders by distributing a new class of shares.

COOK'S PROMISE: Repeating previous statements, Cook says Apple is "seriously" looking at ways to hand out more cash to shareholders.

View article comments Leave a comment