Lions Gate Wins Toss Of Icahn Contract Suit

Law360, New York (March 30, 2011, 9:11 PM EDT) -- A New York federal judge on Wednesday delivered another setback in Carl Icahn's campaign to take over Lions Gate Entertainment Corp., tossing the billionaire investor's breach of contract suit alleging the studio used a sham transaction to shut him out.

Judge O. Peter Sherwood ruled that Icahn could not relitigate his claim that Lions Gate breached a standstill agreement in the Supreme Court of the State of New York, County of New York, after making similar allegations in a suit nixed by the Supreme Court of...
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