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Icahn sued over planned bond offering
BOSTON Jan 11 (Reuters) - Billionaire investor Carl Icahn's Icahn Enterprises LP IEP.N has been sued by an affiliate of Q Investments over a proposed $ 2 billion debt offering.
The suit, filed in New York State Supreme Court on Monday, alleges Icahn falsely claims to own 75.7 percent in its Federal Mogul Corporation (FMO) unit.
"That is a materially misleading representation, as it fails to tell potential investors that Icahn Enterprises LP's ultimate interest in FMO may be significantly less than 75.7 percent," Nineteen Eighty-Nine (1989) alleges in the suit.
The suit is part of a long-running dispute between Q Investments and Icahn over whether the Fort Worth-based company is entitled to Federal-Mogul stock that New York-based Icahn acquired when Federal-Mogul was still going through bankruptcy.
Icahn announced his plans to raise debt last year and the offering is expected to price this week.
Icahn was not available for comment. (Reporting by Svea Herbst-Bayliss; editing by Andre Grenon)
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