Motorola shareholder to take legal action

Posted on 25 Mar 2008 by The Manufacturer

Carl Icahn, Motorola’s second-biggest shareholder, is planning to sue the company to force it to make documents about its struggling mobile phone handset unit accessible.

In January the firm said that it may spin off its handset division, which lost $1.2 billion (£600 million) last year with sales falling by a massive 33 per cent. “Over the past 12 months the statements and predictions of Motorola’s management and the board about mobile devices business have too often proven to be…

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