Carl Icahn Sues Illumina for Fiduciary Duty Breach

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Icahn voiced support for Illumina’s new CEO, Jacob Thaysen, on X (formerly Twitter) last month.

Earlier this year, Icahn Enterprises disclosed that federal prosecutors had initiated an investigation based on a short seller’s report alleging inflated business value. The company is cooperating with the inquiry initiated by the U.S. Attorney’s Office for the Southern District of New York on May 3.

Icahn and other plaintiffs are represented by C. Barr Flinn and M. Paige Valeski of Young Conaway Stargatt & Taylor LLP, along with Michael A. Hanin, Christian T. Becker, Andrew L. Schwartz, and Andrew M. Meerwarth of Kasowitz Benson Torres LLP.

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Information regarding counsel for the defendants was not immediately available as of Tuesday.