| 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:
This is a class action lawsuit on behalf of those who purchased or acquired Icahn Enterprises L.P. ("Icahn Enterprises") (NASDAQ: IEP) securities between August 2, 2018 and August 3, 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 January 12, 2024, Lead Plaintiff filed the Amended Complaint. Defendants filed a Motion to Dismiss the Amended Complaint on March 12, 2024. On September 12, 2024, the Court entered an opinion granting the Motion to Dismiss. This action has concluded.
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.