Hedge Funds Litigation Arb Bets Come Under Attack
Deploying a rarely used tool for hedge funds, Carl Icahn’s firm and other investors are spearheading proposed class actions that challenge multibillion-dollar buyouts of public firms.
By Sabrina Willmer and Yiqin Shen · Bloomberg Markets
Deploying a rarely used tool for hedge funds, Carl Icahn’s firm and other investors are spearheading proposed class actions that challenge multibillion-dollar buyouts of public firms.