Icahn Forces Biogen's Hand In Document Spat

Law360 (May 22, 2008, 12:00 AM EDT) -- The Delaware Chancery Court has handed billionaire activist investor Carl Icahn a victory in his tussle with Biogen Idec Inc., ordering the biotechnology company to hand over material regarding an unsuccessful sale attempt last year.

The court issued the favorable ruling to Icahn on Tuesday but left Biogen the chance to request a stay of the order or appeal the decision if it desires.

A representative from Biogen could not be reached immediately for comment on Thursday.

Icahn first filed suit against the company in April,...
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