The Circuit: Apple holds shareholders meeting

February 27, 2013

Apple shareholders meeting: Due to a court order, Apple shareholders did not vote Wednesday on a company proxy proposal, but CNBC reports that shareholders still weighed in on the issue.

According to a report from the network, some shareholders said they would have supported the proposal if it had gone up for a vote. Apple was prevented from putting forward the proposal following a judge’s ruling that the proposal would disadvantage the company’s shareholders. Investor David Einhorn brought the case against Apple while putting forth his own proposal that the company issue a high-yield preferred stock to shareholders.

All members of Apple’s board were reelected, the report said. In another vote, a motion to create a board human rights committee failed.

SHIELD Act: Reps. Peter DeFazio (D-Ore.) and Jason Chaffetz (R-Utah) introduced the Saving High-tech Innovators from Egregious Legal Disputes or SHIELD Act to insulate American tech companies against “frivolous patent lawsuits that cost jobs and resources,” DeFazio said in a press release on the legislation.

Several technology industry groups including the Consumer Electronics Association, Application Developers Alliance, Computer and Communications Industry Association and BSA — the Software Alliance welcomed the measure, saying that it takes an important first step to protect start-ups from potentially crippling lawsuits.

Online gambling: New Jersey governor Chris Christie (R) signed a bill Tuesday that legalized Internet gambling in the state, making New Jersey the third state to do so, the Associated Press reported.

The bill will not take effect until the state’s Division of Gaming Enforcement sets a start date. Under the bill, gamblers will have to set up online accounts with individual casinos and set daily limits on their play.

DOD opens up to more commercial mobile devices: The Department of Defense said Tuesday that it has released a “commercial mobile device implementation plan” that would allow its employees to use a broader range of commercial mobile devices such as Apple’s iPhone and smartphones running Google’s Android mobile operating system.

In a statement, the department’s chief information officer Teri Takai said that the proposal will “dramatically increase the number of people able to collaborate and share information rapidly.” 

Hayley Tsukayama covers consumer technology for The Washington Post.
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