Carl Icahn’s fight over the fate of Metro-Goldwyn-Mayer might be on hold for the moment, but the activist investor’s battle with another movie studio in which he’s the largest shareholder, Lions Gate Entertainment, continues.
Lions Gate sued Icahn last month in U.S. district court in Manhattan over a plan by Icahn to merge the Santa Monica, Calif.-based studio with MGM. Earlier this month Icahn lost a Canadian court battle to gain control of Lions Gate by challenging an equity-for-debt swap that diluted the billionaire’s stake in the studio, which was founded in Vancouver.
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