On July 28, the British Columbia Securities Commission dismissed Carl Icahn's application to halt Lionsgate's recent debt-to-equity swap, which diluted Icahn's shares in the production company, according to THE HOLLYWOOD REPORTER.
On July 28, the British Columbia Securities Commission dismissed Carl Icahn's application to halt Lionsgate's recent debt-to-equity swap, which diluted Icahn's shares in the production company, according to THE HOLLYWOOD REPORTER. Now the issue will go to the courts where Icahn filed a lawsuit in New York State Supreme Court. Lionsgate made the swap with Icahn's former associate Mark Rachesky, who is backing the Lionsgate management.
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