Regulators Dismiss Icahn's Lionsgate Complaint
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.