A new activist-investor attack on Enzon Pharmaceuticals (ENZN), led by Carl Icahn, is based on...

|About: Enzon Pharmaceuticals, ... (ENZN)|By:, SA News Editor

A new activist-investor attack on Enzon Pharmaceuticals (ENZN), led by Carl Icahn, is based on an obscure law that allows investors to lobby fellow shareholders for 51% of their votes in a one-time referendum to ouster top management. A win could have broad implications.