Icahn, Hedge Fund Go Head To Head Over Deal

Law360, New York (February 3, 2006, 12:00 AM EST) -- A hedge fund has filed a law suit alleging that financier Carl Icahn has engaged in the kind of behavior he usually rails against: Selling assets for personal benefit, rather than acting in the best interests of shareholders.

R2 Investments LDC has filed the suit against Icahn stemming from a convoluted transaction in which the hedge fund mogul was trying to sell assets from one of his companies to a different company that he also controls.

R2 seeks to block a deal in which Icahn’s XO...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.