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Icahn Enterprises wins dismissal of investor lawsuit

(Reuters) -Carl Icahn’s investment company Icahn Enterprises won the dismissal of a lawsuit claiming it artificially inflated its share price by issuing unsustainably high dividends to help the billionaire investor obtain large amounts of personal loans. In a decision on Friday, U.S. District Judge K. Michael Moore in Miami said …

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Delaware bankruptcy court says Yellow owes pensions, stock drops 90%

Shares of Yellow fell 90% Friday afternoon following a Delaware court’s decision on its pension liabilities. (Photo: Jim Allen/FreightWaves) A Delaware bankruptcy court provided some clarity late Friday regarding $6.5 billion in withdrawal liability claims against Yellow Corp. The total amount the bankrupt less-than-truckload company will actually pay, however, remains …

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