NEW YORK (
Lions Gate Entertainment
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is suing high-profile investor
, its largest shareholder, according to multiple media reports.
The suit alleges Icahn interfered with Lions Gate's efforts to merge with MGM until he was able to obtain a large portion of MGM's debt and thus profit from a combination, the
Lions Gate is suing Icahn for "tortious interference," the
reported, along with various violations of
Securities and Exchange Commission
Lions Gate shares closed Thursday's session at $7.28, down 1.8%. Year-to-date, the stock is up almost 28%.
Written by Michael Baron in New York.
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