Carl Ic­ahn sues Il­lu­mi­na board mem­bers over Grail ac­qui­si­tion

Ac­tivist in­vestor Carl Ic­ahn has sued mem­bers of Il­lu­mi­na’s board over the com­pa­ny’s $7.1 bil­lion ac­qui­si­tion of Grail, ac­cord­ing to a com­plaint on Tues­day.

The law­suit, which ac­cus­es the de­fen­dants of breach­ing their fidu­cia­ry du­ties, was filed in the Delaware Court of Chancery and is sealed for now.

In a state­ment, Ic­ahn said through­out his long ca­reer, he had nev­er found it nec­es­sary to sue board mem­bers in this man­ner “un­til to­day.”

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