Billionaire Far Rockaway native and CapsLock enthusiast Carl Icahn is now facing a lawsuit from indy studio Lions Gate Entertainment. Lions Gate says Icahn denounced a merger between Lions Gate and fellow studio Metro Goldwyn Mayer so that he could make a bigger profit on an eventual deal.
Carl Icahn, Far Rockaway’s favorite billionaire, announced today that he’s offering to buy Metro-Goldwyn-Mayer senior debt from the studio’s creditors at 45 cents on the dollar with the proviso that they vote against a merger between MGM and Spyglass Entertainment. If the debt deal went through, Icahn would become one of the biggest creditors Read More
Billionaire activist investor, Far Rockaway native and track-and-field stadium namesake Carl Icahn says that the board at Lions Gate Entertainment has conspired with shareholders to hurt his chances at implementing changes at the company.
Lawyers for Icahn are saying that Michael Burns, vice chairman of Lions Gate’s board colluded with investors to dilute Icahn’s Read More
