Billionaire investor Carl Icahn said Monday he’s seeking a court order that would force Motorola to turn over documents about its trademark cell-phone business and senior executives, the Associated Press reports.
“Over the past 12 months the statements and predictions of Motorola’s management and the board about mobile devices business have too often proven to be wrong,” Icahn said in a statement.
“We demanded these materials for the purposes of enabling us to investigate whether and to what extent the board of directors of Motorola failed in their duties as directors in supervising management and setting policy and direction of Motorola,” he said.
Motorola was withholding comment until it had a chance to review any lawsuit filed by Icahn, said spokeswoman Jennifer Erickson.
Icahn plans to use the materials as part of his proxy battle to win four seats on the Schaumburg-based company’s board. Motorola prevailed in a proxy battle with Icahn a year ago.
