Icahn Keeping the Heat on Motorola

Billionaire investor Carl Icahn fired another shot at Motorola's (MOT Quote) directors Monday as part of his continued proxy battle against the incumbent leadership.

Icahn and his affiliates have filed a lawsuit asking a Delaware Chancery Court to order Motorola to turn over materials that he believes will show that the existing board members "failed in their duties as directors in supervising management and setting policy and direction of Motorola."

Specifically, Icahn is seeking documents related to the potential spin-off or sale of Motorola's handset unit, as well as records relating to use of the company's aircraft. Shares of Motorola were lately up 36 cents, or 3.9%, to $9.61, but are down 40% so far this year. ...