Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, April 7, 2008

Motorola and Icahn Agree to Resolve Dispute

One of the longest ongoing corporate soap operas may end as Motorola agreed to back two of Carl Icahn's nominees for the Motorola board, in exchange for Icahn's dropping his proxy contest for four directors and a lawsuit he filed to seek corporate documents.  Motorola agreed to appoint Keith Meister, a manager of Icahn's investment funds, immediately to the Board.  WSJ, Motorola, Icahn Declare Truce.

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