This lawsuit is for anyone who acquired securities in Icahn Enterprises L.P. (NASDAQ: IEP) from August 2, 2018 through May 9, 2023.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company operated as a ponzi scheme.
On May 2, 2023, Hindenburg Research published a report alleging, among other things, that IEP units are inflated by more than 75% due to the Company trading “at a 218% premium to its last reported net asset value.” 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.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, before the market opened on May 10, 2023, the Company announced that the U.S. Attorney for the Southern District of New York is investigating the Company. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Icahn Enterprises L.P. (NASDAQ: IEP) from August 2, 2018 through May 9, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
3070 Bristol Pike, Suite 112, Bensalem, PA 19020 
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hsmith@howardsmithlaw.com