Apple fights back against suit

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Apple CEO Tim Cook has called the suit by hedge fund manager David Einhorn a "silly side show," according to Reuters. He also denied that the company has a depression-era mentality that causes it to horde cash from shareholders. But it's clear that the lawsuit, which is more about corporate governance on the surface, has put the issue of record cash levels by some companies on the public agenda. At some point, the company will likely have to return more cash, though it may not issue preferred shares to the liking of Einhorn. Article