IEP Investor Reminder

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Icahn Enterprises L.P. (IEP) and Encourages Investors to Contact the Firm

The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Icahn Enterprises L.P. (“Icahn Enterprises”) (NASDAQ:IEP). The action charges Icahn Enterprises with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Icahn Enterprises’ materially misleading statements and omissions to the public, Icahn enterprises’ investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR ICAHN ENTERPRISES LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/icahn-enterprises-lp?utm_source=PR& ...

LEAD PLAINTIFF DEADLINE: JULY 10, 2023

CLASS PERIOD: AUGUST 2, 2018 THROUGH MAY 9, 2023

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:

Jonathan Naji, Esq. at [phone] or via email at [e-mail]

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

ICAHN ENTERPRISES’ ALLEGED MISCONDUCT
On May 2, 2023, market analyst 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 the company operates a “ponzi-like economic structure” and “has been using money taken in from new investors to pay out dividends to old investors.”

Following this news, Icahn Enterprises’ share price fell $10.06 per share, or 20%, to close at $40.36 per share on May 2, 2023.

Then, on May 10, 2023, before the market opened, Icahn Enterprises filed its Quarterly Report on Form 10-Q with the SEC for the period ended March 31, 2023. Therein, the company stated 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 the company, certain of its affiliates’ “corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials.” Icahn Enterprises claimed the company is “cooperating with the request” and is “providing documents in response to the voluntary request for information.”