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Q Investments Unit Loses SJ Bid In Icahn Contract Row

Law360 (March 10, 2011, 1:52 AM EST) -- A New York state judge refused to grant summary judgment Wednesday to an affiliate of private investment firm Q Investments LP accusing a Carl Icahn-controlled holding company of breaching an agreement to invest in auto parts manufacturer Federal-Mogul Corp.

Justice Eileen Bransten denied plaintiff Nineteen Eighty-Nine LLC’s motion for summary judgment in the Supreme Court of the State of New York, County of New York, saying that the company had failed to present a prima facie case on its claim for breach of fiduciary duty and...
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