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IEP.US
id: 695
Icahn Enterprises (IEP) "Hindenburg" Case
S.D. Florida
Court1:23-cv-21773
Case number02 Aug 2023
Class period Start09 May 2023
Class period End10 Jul 2023
Lead Plaintiff motion deadline- Hindenburg accused Icahn Enterprises of operating a “Ponzi-like economic structure”, and claimed its value inflated by 75pc+
- $IEP dropped 20% and lost over $2.5B of its market cap, seriously damaging investors.
- Investors have grounds to suspect whether IEP & its Leaders of fraud or short-seller Hindenburg of price manipulations.
On May 2, 2023, Hindenburg Research accused the hedge fund manager of operating a “Ponzi-like economic structure” through his $15bn fund, Icahn Enterprises, and claimed its value had been inflated by at least 75pc.
On this news, the $IEP price dropped 20% and lost over $2.5B of its market capitalization, seriously injuring investors.
- If appeared diggings are constituting true facts, Investors have grounds to suspect IEP, its Leaders, and its Service Providers of fraud.
- If not, Investors have reasons to suspect short-seller Hindenburg of price manipulations by the false accusations.
Case Status
Motion to dismiss
Alleged Offence
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Price manipulation,
Malpractice,
Breach of Fiduciary duty
Suspected Party
Directors,
Management,
Shareholder,
Influencer
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02 May 2023
Filing date
11 May 2023
Lead Plaintiff Deadline
10 July 2023