However, one of the three proposals that Apple had put up for shareholder voting required that shareholder approval be necessary to issue preferred stock in the future.

FORBES: Move up http://i.forbesimg.com t Move down

The four not-dead plaintiffs argue that there is no state-law authority for the purge and that because Texas has a history of voting-rights violations (not against the undead, but still), it was required by the federal Voting Rights Act to get pre-approval for the relevant rule change.

FORBES: "We're Not Dead," Plaintiffs Claim in Voting-Rights Lawsuit

Texas is required under the 1965 Voting Rights Act to secure federal approval of changes in its voting procedures.

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