Greenlight Capital fund manager David Einhorn has won an injunction that will block an upcoming vote on one of Apple's shareholder proposals, meaning the vote is unlikely to take place as scheduled on February 27. US District Judge Richard Sullivan ruled on Friday that Apple's proposal "impermissibly bundles 'separate matters' for shareholder consideration," according to the Wall Street Journal.

Einhorn filed suit against Apple earlier this month, accusing Apple of trying to eliminate an option for preferred stock and allegedly hoarding cash instead of returning it to shareholders. Apple was quick to issue a response, saying (in part): "As a part of our efforts to further enhance corporate governance and serve our shareholders’ best interests, Proposal #2 in our proxy includes some recommended changes to our articles of incorporation. These changes were recommended independently of Greenlight’s proposal and would not preclude Apple from adopting their concept. Contrary to Greenlight’s statements, adoption of Proposal #2 would not prevent the issuance of preferred stock."

In essence, Apple argued that its proposal to roll multiple issues into one vote doesn't mean Apple won't issue preferred stock. Still, the situation has received some attention since the lawsuit popped up, and Judge Sullivan said Apple's argument was "unavailing" on Friday, agreeing to block the vote scheduled to take place next week.