According to the Complaint, Tenneco Inc. ("Tenneco" or the "Company") designs, manufactures, and sells clean air and ride performance systems and products for light vehicle, commercial truck, off-highway, and other applications.

On April 10, 2018, the members Tenneco’s board of directors caused the Company to enter into an agreement and plan of merger with Federal-Mogul LLC, American Entertainment Properties Corp ("AEP"), and Icahn Enterprises L.P., pursuant to which, Tenneco agreed to acquire Federal-Mogul in exchange for paying AEP $800,000,000 in cash (the “Cash Consideration”) and issuing AEP 29,444,846 shares of Tenneco stock (the “Stock Consideration” and together with the Cash Consideration, the “Merger Consideration”).

The Complaint alleges that on June 26, 2018, the Board authorized the filing of a materially incomplete and misleading preliminary Proxy Statement with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act.

On September 4, 2018, this case was voluntarily dismissed as moot.