- Stockholders of American Railcar Industries Inc., a St. Charles, Mo.-based company, voted on Wednesday to change the company's incorporation from Delaware to North Dakota. It will be the first business to take advantage of a North Dakota law, approved by the state Legislature two years ago, that requires companies to make it easier for shareholders to challenge management.
- Icahn is a controlling shareholder in American Railcar, which manufactures and repairs railroad tanker and hopper cars. Aside from American Railcar, Icahn has unsuccessfully lobbied shareholders of two drug companies, Amylin Pharmaceuticals Inc. and Biogen Idec Inc., to endorse reincorporating in North Dakota.
- Icahn was among a group of activist investors who hired William H. Clark Jr., a Philadelphia attorney and specialist in corporate law, to write the original legislation. Icahn did not respond to requests for comment.