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Icahn Enterprises L.P. Lawsuit

Lead Plaintiff Deadline is July 10, 2023

If you purchased or acquired Icahn Enterprises securities between August 2, 2018 and May 9, 2023, please contact Berger Montague using the form below.

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About the Case

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.” 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 a Form 10-Q with the SEC for the period ended March 31, 2023. Therein, Icahn Enterprises 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 it is “cooperating with the request” and is “providing documents in response to the voluntary request for information.” Following this news, Icahn Enterprises’ share price fell $5.75 per share, or 15.1%, to close at $32.22 per share on May 10, 2023.

Investors who purchased or acquired Icahn Enterprises securities between August 2, 2018 and May 9, 2023, may no later than July 10, 2023, seek to be appointed as a lead plaintiff representative of the class.

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Berger Montague Counsel

Andrew Abramowitz, Esq.

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aabramowitz@bm.net

(215) 875-3015

bergermontague.com

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James Maro, Esq.

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jmaro@bm.net

(267) 637-3176

bergermontague.com

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