CVR Investors Add Derivative Claims To Ongoing Icahn Battle

Law360, Wilmington (October 10, 2012, 9:53 PM EDT) -- CVR Energy Inc. investors moved again Tuesday to prevent Carl Icahn from gaining complete control of the oil refiner's stock, adding derivative claims to their putative class action and repeating their call for an injunction to stop him from buying CVR's remaining shares on the cheap.

Filed June 5 in Delaware Chancery Court, the original suit accused Icahn of making an unfair power play for CVR's outstanding shares as an acquiescent board left investors to his mercy, and the plaintiffs claim that while the first two...
To view the full article, register now.