INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Investors With Losses of $100,000 or More in Icahn Enterprises L.P. to Contact the Firm
12 May 2023 - 7:53AM
Business Wire
Girard Sharp, LLP and Malmfeldt Law Group P.C., national
investment, securities, and consumer class action firms, announce
that they are investigating securities claims on behalf of
unitholders of Icahn Enterprises L.P. (NASDAQ: IEP).
If you acquired Icahn Enterprises units, have losses of
$100,000 or more, and would like to discuss your potential claim,
please fill out this form, email apolk@girardsharp.com, or call
(866) 981-4800 for a free consultation.
On May 2, 2023, the research firm Hindenburg Research published
a report alleging that Icahn Enterprises has misvalued certain of
its assets. The report further alleges that Icahn Enterprises’
controlling unitholder, Carl Icahn, “has been using money taken in
from new investors to pay out dividends to old investors. Such
ponzi-like economic structures are sustainable only to the extent
that new money is willing to risk being the last one ‘holding the
bag.’”
Icahn Enterprises units declined from a closing price of $50.42
on May 1, 2023 to a closing price of $40.36 on May 2, 2023, a
decline of approximately 20%. The following day, the units declined
by an additional 19.3%.
On May 10, 2023, The Wall Street Journal reported that the day
after Hindenburg Research’s report was published, “the U.S.
Attorney’s Office for the Southern District of New York contacted
Icahn Enterprises asking for information about corporate
governance, dividends and other topics.”
If you acquired Icahn Enterprises Units and have losses of at
least $100,000, click here to participate.
We also encourage you to contact Adam Polk of Girard Sharp
LLP, 601 California Street, Suite 1400, San Francisco, CA 94108, at
(866) 981-4800, to discuss your rights free of charge. You can also
reach us through the firm’s website at www.girardsharp.com, or by
email at apolk@girardsharp.com.
Why Girard Sharp?
Girard Sharp represents investors, consumers, and institutions
in class actions and other complex litigation nationwide. We serve
on the Plaintiffs’ executive committee in the recent spoofing
litigation against JPMorgan Chase that settled for $60 million, a
favorable resolution that the district court preliminarily approved
in December 2021. Our attorneys have obtained multimillion-dollar
recoveries for victims of unfair and deceptive practices in
antitrust, financial fraud, and consumer protection matters against
some of the country’s largest corporations, including Raymond
James, John Hancock, and Sears. Girard Sharp has earned top-tier
rankings from U.S. News and World Report for Securities and Class
Action Litigation and has been repeatedly selected as an Elite
Trial Lawyers finalist by the National Law Journal.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230511005960/en/
Girard Sharp LLP (866) 981-4800 contact@girardsharp.com
apolk@girardsharp.com www.girardsharp.com
Icahn Enterprises (NASDAQ:IEP)
Historical Stock Chart
From Jul 2024 to Jul 2024
Icahn Enterprises (NASDAQ:IEP)
Historical Stock Chart
From Jul 2023 to Jul 2024