Published Nov 9, 2026, 7:00 AM ET · Updated 4 days ago · 1 source

Hedge Funds Litigation Arb Bets Come Under Attack

bloomberg
bloomberg
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Original Report
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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.