Icahn’s bid to fast-track key Dell lawsuit fizzles out

Home Forums Icahn’s bid to fast-track key Dell lawsuit fizzles out

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    Anonymous

    Technology News

    File photograph of Investor Carl Icahn speaking at the Wall Street Journal Deals & Deal Makers conference at the New York Stock ExchangeBy Dave Warner WILMINGTON, Delaware (Reuters) – Activist investor Carl Icahn's legal effort to derail a $25 billion takeover of Dell Inc stalled after a judge refused to fast-track his lawsuit against the personal computer maker, blunting an integral part of his months-long opposition campaign. Delaware Court of Chancery Judge Leo Strine on Friday waved off Icahn's request to accelerate the lawsuit, dismissing claims that the company and its board wronged shareholders by accepting an undervalued offer from Chief Executive Michael Dell. …


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