ICN Accuses Shareholder of Racketeering
ICN Pharmaceuticals Inc. of Costa Mesa on Wednesday escalated its legal battle against dissident shareholder Rafi Khan, alleging that the Beverly Hills stockbroker has violated federal racketeering statutes.
Khan has waged a campaign to take control of the pharmaceuticals company. ICN won a restraining order earlier that prohibited him from soliciting proxies from ICN shareholders.
The new allegations against Khan were included in an amended complaint filed in U.S. District Court in New York, where the restraining order was issued.
Khan, who was not available for comment Wednesday, has denied any wrongdoing in connection with ICN.
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