One week before Michael Moore’s hotly debated documentary Sicko was scheduled to open, Mark H. Rachesky, M.D. -- the founder and president of MHR Fund Management LLC -- purchased 33.4 percent (over 40 million shares) of Lions Gate stock.

Lions Gate (along with Weinstein Co.), the company distributing Sicko, had planned to release the film in over 1,600 theaters across the United States in June 2007. However, one week prior to the release...READ ON>>>