Hedge Funds Litigation Arb Bets Come Under Attack

Carl Icahn's firm and other hedge fund investors have filed proposed class action lawsuits challenging multibillion-dollar buyouts of public companies. The lawsuits represent a shift in strategy among some hedge funds to use litigation as an investment tool. The suits target acquisition deals and seek to block or renegotiate terms on behalf of shareholders.

• Bloomberg — Hedge Funds Litigation Arb Bets Come Under Attack

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