Lions Gate Admits Disclosure Violations In 2010 Icahn Spat – ValueWalk Premium
Carl Icahn

Lions Gate Admits Disclosure Violations In 2010 Icahn Spat

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) revealed in an SEC filing that it has admitted to disclosure violations relating to certain transactions it announced on July 20, 2010, and has agreed to pay $7.5 million in penalties.

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) entered these transactions during its defense against activist investor Carl Icahn’s hostile bid to take over the company in 2010.
Dilution by night . . .

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