Tag Archives: XO; class action; NOL’s; net operating losses; Ichan; entire fairness; business judgment rule

New York Supreme Court Denies Carl Icahn’s Motion for Summary Judgment

In May 2010, minority stockholders of XO Holdings, Inc. (“XO”) brought a class action lawsuit against Carl C. Icahn (the Chairman of XO’s Board), his affiliates and members of the XO Board of directors.  Plaintiffs challenged two transactions which they … Continue reading

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