NEW YORK, May 27, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Icahn Enterprises LP (“Icahn” or the “Company”) IEP. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation addresses whether Icahn and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On May 2, 2023, Hindenburg Research (“Hindenburg”) released a report alleging that Icahn was significantly overvalued and operating a “Ponzi-like economic structure.” The Hindenburg report specifically claimed that “Icahn used money raised from new investors to pay dividends to old investors” and claimed that Icahn sells partnership interests to new investors to support dividend payments to existing investors.

As a result of this news, Icahn’s stock price fell $10.06 per share, or 19.95%, to close at $40.36 per share on May 2, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Pomerantz was founded by the late Abraham L. Pomerantz, Dean of the Class Bar Association, and pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The company has recovered billions of dollars in damages on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980