Counsel for former unitholders of Carl Icahn-affiliated CVR Refining LP have told the Delaware Chancery Court they are seeking roughly $26.2 million in connection with the proposed $78.5 million settlement of a lawsuit claiming that an involuntary buyback in 2019 cost the unitholders $148 million.
An attorney for former unitholders of Carl Icahn-affiliated CVR Refining LP told Delaware's Chancellor on Monday that Icahn and his interests tried to keep public investors uninformed and misinformed before they were involuntarily cashed out in 2019, causing them to suffer up to $148 million in losses.
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