An Illumina director wasn’t authorized to supply confidential information to activist investor Carl Icahn for use in his lawsuit against legacy board members, a judge said in a ruling on Tuesday.
Delaware Chancery Court Judge Paul Fioravanti ordered Icahn to strike the material in question from the suit, which is ongoing and centers on Illumina’s failed $8 billion purchase of Grail.
Andrew Teno, a portfolio manager at Icahn Enterprises, was elected to the board of the DNA-sequencing company last May after Icahn waged a board proxy fight. The judge said that Teno wasn’t authorized to feed information, including board-level communications that preceded Teno’s time, to Icahn for his lawsuit.
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