Icahn Fires Back At EBay As Paypal Spinoff Fight Heats Up

Law360, New York (February 28, 2014, 1:09 PM EST) -- Billionaire activist investor Carl Icahn continued his attack on eBay Inc. with an open letter on Friday blasting company management and reasserting accusations against two board directors’ perceived fiduciary lapses and conflicts of interest, all part of Icahn’s efforts to get eBay to spin off its multibillion-dollar PayPal Inc. unit.

Icahn’s latest assault on eBay was a response to eBay founder Pierre Omidyar’s own response on Thursday to an earlier open letter from Icahn, in which Omidyar defended board directors Marc Andreessen and Scott Cook against Icahn’s...
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