Alan Kahn Lawsuit Collection - Kahn v. Philip A. Falcone

"Dec 22, 2010 ... The exchange is the result of a “flawed process” and is “financially unfair” to Harbinger Group shareholders, investor Alan R. Kahn said in ..."

"Harbinger Group Sued Over Spectrum Share Exchange

Harbinger Group Inc. was sued by a shareholder claiming the company is “vastly overpaying” for shares in Spectrum Brands Holdings Inc.

Harbinger Group is exchanging 120 million shares of its common stock for 27.8 million shares of pet-food maker Spectrum. Harbinger Group is majority-owned by hedge-fund firm Harbinger Capital Partners LLC, which also has a majority interest in Spectrum. The exchange is the result of a “flawed process” and is “financially unfair” to Harbinger Group shareholders, investor Alan R. Kahn said in the complaint.

If the exchange is consummated, Harbinger Capital will increase its majority share of Harbinger Group to 93 percent but will have “suffered no loss of control over Spectrum,” lawyers for Kahn said in the complaint filed yesterday on behalf of the company in Delaware Chancery Court.

“Thus HCP has diluted the minority shares; acquired a virtually 100 percent interest in HGI; and at the same time managed to main control over the very consideration that it has ‘paid’ as consideration of the deal,” lawyers for Kahn said. “Such blatant self-dealing is unconscionable.”"

Source of yet another Alan R. Kahn Lawsuit
http://www.bloomberg.com/news/2010-12-22/ernst-young-madoff-deutsche-bank-lehman-in-court-news.html

What seems to be unconscionable is the rate at which Alan R. Kahn of Kahn Brothers Group Inc. files lawsuits.. WOW..