A federal judge on Tuesday declined to make a quick ruling on an investor's request to block a vote at Apple's annual shareholder meeting next week.
Greenlight Capital has objected to a measure on Apple's proxy that would change the rules for issuing a special class of stock. The investment firm had filed a lawsuit and asked for a temporary injunction to prevent a vote at the shareholder meeting scheduled for Feb. 27.
After a volley of filings and rebuttals in the case, both sides appeared Tuesday in U.S. Federal District Court in New York City to make their cases. After listening to both sides, U.S. District Judge Richard Sullivan said he would not immediately rule from the bench, but that he would issue an order before the shareholders meeting, according to Bloomberg.
Greenlight appeared to make remarks from the bench that could be interpreted to favor both sides. On one hand, Bloomberg reported that the judge said Greenlight has produced enough evidence to indicate the "likelihood of success on the merits."