OTHER NEWS - April 13, 1993

New Allegations Made in ICN Flap: A Beverly Hills stockbroker alleged in a lawsuit that Milan Panic, chairman of ICN Pharmaceuticals in Costa Mesa, broke federal law by continuing to transact ICN business while serving last year as prime minister of Yugoslavia. The lawsuit, filed in U.S. District Court in New York by broker Rafi Khan, also disputes allegations against Khan by ICN, which is battling his attempt to oust Panic and the rest of the company’s board. ICN, in a suit filed against Khan last week, alleged that the broker used inside information to launch a bid for control of the pharmaceuticals giant. Kahn’s countersuit was filed after a judge issued a temporary restraining order that bars Khan from soliciting shareholder proxies or taking any further action to replace ICN’s board with his own slate of directors.