Icahn ordered to remove lawsuit’s confidential information that was supplied by Illumina board member
An Illumina director wasn’t authorized to supply confidential information to activist investor Carl Icahn for use in his lawsuit against legacy board members, a judge said in a ruling on Tuesday.
Delaware Chancery Court Judge Paul Fioravanti ordered Icahn to strike the material in question from the suit, which is ongoing and centers on Illumina’s failed $8 billion purchase of Grail.
Andrew Teno, a portfolio manager at Icahn Enterprises, was elected to the board of the DNA sequencing company last May after Icahn waged a board proxy fight. The judge said that Teno wasn’t authorized to feed information, including board-level communications that preceded Teno’s time, to Icahn for his lawsuit.
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