Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Icahn at War With Biogen Idec Board

WILMINGTON, Del. (CN) - Saying, "This is not North Korea," Carl Icahn's slate of nominees objected when the Biogen Idec board adjourned a shareholders meeting on Wednesday, trying to fight off Icahn's attempt to place four members on the board. Icahn Partners sued Biogen in Chancery Court Wednesday, anticipating just such an event.

The meeting resumed later in the day and Icahn claimed he had won two seats, but the company had not confirmed that by late Thursday morning.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...