The Law Offices of Frank R. Cruz Announces Investigation of Icahn Enterprises L.P. (IEP) on Behalf of Investors

By: Law Offices of Frank R. Cruz via Business Wire

May 02, 2023 at 20:56 PM EDT

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The Law Offices of Frank R. Cruz announces an investigation of Icahn Enterprises L.P. (“IEP” or the “Company”) (NASDAQ: IEP) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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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, IEP’s stock price fell $10.06, or 20%, to close at $40.36 per share on May 2, 2023, thereby injuring investors.

If you purchased Icahn securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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