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IEP.US
id: 695

Icahn Enterprises (IEP) "Hindenburg" Case

S.D. Florida
Court
1:23-cv-21773
Case number
02 Aug 2023
Class period Start
09 May 2023
Class period End
10 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.
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
Collecting participants…

Icahn Enterprises LP

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internatio...

    Ticker
    IEP.US
    ISIN
    US4511001012
    CIK
    813762
    Sector
    Energy
    Industry
    Oil & Gas Refining & Marketing
    Country
    USA
    Address
    16690 Collins Avenue, Sunny Isles Beach, FL, United States, 33160