| COMPANY |
Icahn Enterprises L.P. |
| COURT |
United States District Court for the Southern District of Florida |
| CASE NUMBER |
23-cv-21773 |
| JUDGE |
The Hon. Kevin Michael Moore |
| CLASS PERIOD |
August 2, 2018 and May 9, 2023 |
| SECURITY TYPE |
Securities |
Case Background:
A class action lawsuit has been filed on behalf of those who purchased or acquired Icahn Enterprises L.P. ("Icahn Enterprises") (NASDAQ: IEP) securities between August 2, 2018 and May 9, 2023, both dates inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Icahn Enterprises was inflating its net asset value; (2) the company was using money taken in from new investors to pay out dividends to old investors; (3) as a result, the company would become the subject of criminal and/or regulatory scrutiny; and (4) as a result of the foregoing, Defendant’s positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On November 20, 2023, the Court entered an order appointing the Lead Plaintiff. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.