Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Icahn Enterprises L.P. ("Icahn Enterprises") (NASDAQ: IEP) securities between August 2, 2018 and August 3, 2023, 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 at all relevant times.
Current Status of Case:
On September 12, 2024, the Court granted Defendant's Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; 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.