Forest Laboratories, Inc. (FRX) on Friday commented on the Delaware Court of Chancery's decision to deny Carl Icahn's demands for access to certain books and records of the company.
"We believe Mr. Icahn is engaging in an overly broad fishing expedition in an attempt to further this year's proxy contest after his overwhelming defeat at last year's annual meeting. Weeks ago, we offered to provide Mr. Icahn with more documents than we believed he was entitled to under Delaware law, but regrettably he opted to pursue litigation. We are pleased with the Court's decision denying Mr. Icahn the right to receive most of the remaining documents he sought. Forest will comply with the Court's ruling, which essentially gives Mr. Icahn the documents we had previously offered him," Forest Labs said in a statement.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.