Judge Hands Icahn Ammo In Forest Labs Proxy Battle

Law360, Wilmington (July 27, 2012, 10:21 PM EDT) -- A Delaware judge on Friday granted activist investor Carl Icahn a portion of the Forest Laboratories Inc. records he had wanted for ammunition in a proxy fight with the drugmaker, but denied the billionaire some of the documents he desired most.

At a hearing in Delaware Chancery Court, Master Abigail LeGrow found that funds controlled by Icahn — which hold a 10 percent stake in Forest Labs — are entitled to records concerning various alleged instances of mismanagement at the drugmaker, including a botched 2013 earnings...
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