Icahn Can't Beat Last Count In Lionsgate Fight

Law360, New York (June 21, 2011, 12:00 PM EDT) -- A New York federal judge on Monday denied Carl C. Icahn's bid to dismiss the sole remaining claim in Lions Gate Entertainment Corp.'s suit claiming the billionaire investor engaged in unfair tactics in his pursuit of the studio through a tender offer.

U.S. District Judge Harold Baer Jr. ruled that Section 14(d)(7) of the Securities Exchange Act of 1934 provides Lionsgate with the private right of action to seek injunctive relief from Icahn, who the film and television studio alleges offered too generous a deal to...
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