Lionsgate Sues Icahn Over MGM Dealings

Law360, New York (October 28, 2010, 6:44 PM EDT) -- Lions Gate Entertainment Corp. has accused activist investor Carl Icahn of plotting to merge the studio with the struggling Metro-Goldwyn-Mayer Inc., but delaying any tie-up until after he has enough of a stake in both companies to maximize his own profits.

In a complaint filed Thursday in the U.S. District Court for the Southern District of New York, Lionsgate argued that Icahn has violated federal securities laws by playing a “double game” with the fates of the two movie studios.

Icahn first began to argue in...
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