You think shareholder lawsuits would worry Icahn & crew? Just face it. No one here understands what the real value of ENZN is currently (over the next month or so) or going forward to 2014 given the special dividend payout and the note conversion in early June. It's not a coincidence imo they picked the dates they did. Maybe some genius will run the numbers for us of where the stock might be fairly valued post June 5th. I confess I'm not smart enough.
According to the amended filing I just looked over, management is tying their compensation to 100M in royalties for 2014. That includes 35M from Hisun. Interestingly Hisun hasn't updated their website with any news releases regarding their Enzon collaboration. Their website news updates appear to have stopped in 2011. Just another oddity concerning this stock.