Icahn: eBay Is Using 'Tricks And Technicalities To Keep Documentary Evidence Of Malfeasance Out Of The Hands Of Stockholders'

AP ImagesCarl IcahnFor the last several weeks, activist investor Carl Icahn, eBay, and board member Marc Andreessen have been exchanging increasingly dramatic open letters, with Icahn insisting that eBay needs to replace its board of directors - in particular Andreessen and Scott Cook.

Icahn doesn't think that eBay should have sold part of Skype to an investment group that Andreessen was part of.

Today, Icahn released another open letter, reiterating his claims against Andreessen and Cook, accusing eBay of purposely withholding evidence of wrong-doings and bad decision making, and making it clear that he believes that "eventually the truth will out."

This week, Lions Gate had to pay $7.5 million to the SEC because it failed to fully and accurately disclose information about the company to shareholders when it was on the brink of a major decision - and when Icahn was waging a war against the company similar to the one he is waging now on eBay. He uses this recent case to prove that he's not "easy to defeat" and claims that Andreessen and eBay's CEO, John Donahoe, who have called his previous statements "false and misleading," will have to eat their words.

"While the board and its advisors may try to use tricks and technicalities to keep documentary evidence of malfeasance out of the hands of stockholders, I believe that ultimately truth will win out," he writes. "It may not be in time for this year's annual meeting and it may even take years, but I believe that we will ultimately be successful in forcing eBay to come clean with its stockholders and disclose publicly all documents relating to the Skype affair, only some of the sordid details of which we recently exposed. And when that day comes, I believe that eBay, CEO John Donahoe, director Marc Andreessen and Chairman and founder Pierre Omidyar will be forced to recant their statements that my claims were "false and misleading."

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