IEP INVESTOR DEADLINE

Robbins Geller Rudman & Dowd LLP Announces that Icahn Enterprises L.P. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Icahn Enterprises L.P. (NASDAQ: IEP) securities between August 2, 2018 and May 9, 2023, both dates inclusive (the “Class Period”) have until July 10, 2023 to seek appointment as lead plaintiff of the Icahn Enterprises class action lawsuit. Captioned Okaro v. Icahn Enterprises L.P., No. 23-cv-21773 (S.D. Fla.), the Icahn Enterprises class action lawsuit charges Icahn Enterprises, Carl C. Icahn, as well as other top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Icahn Enterprises class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-icahn-enterprises-l-p-class-action-lawsu ...

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail].

CASE ALLEGATIONS: Icahn Enterprises is a master limited partnership holding company owning subsidiaries engaged in several business segments, including: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma.

The Icahn Enterprises class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Icahn Enterprises was inflating its net asset value; (ii) Icahn Enterprises was using money taken in from new investors to pay out dividends to old investors; and (iii) as a result, Icahn Enterprises would become the subject of criminal and/or regulatory scrutiny.

On May 2, 2023, Hindenburg Research published a report alleging, among other things, that Icahn Enterprises’ “last reported indicative year-end [net asset value] of $5.6 billion is inflated by at least 22%.” The report also claimed that Icahn Enterprises operates a “ponzi-like economic structure[]” and “has been using money taken in from new investors to pay out dividends to old investors.” On this news, the price of Icahn Enterprises shares declined nearly 20%.

Then, on May 10, 2023, Icahn Enterprises revealed that the U.S. Attorney’s Office for the Southern District of New York contacted Icahn Enterprises on May 3, 2023 seeking production of information relating to Icahn Enterprises and certain of its affiliates’ “corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials.” Icahn Enterprises claimed it is “cooperating with the request” and is “providing documents in response to the voluntary request for information.” Icahn Enterprises further reported that it was taking a $226 million charge related to Auto Plus, which Hindenburg Research had identified as an overvalued holding. On this news, the price of Icahn Enterprises shares declined more than 15%, further damaging investors.