NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., is investigating claims of violations of federal securities laws on behalf of investors of Icahn Enterprises LP (“Icahn” or the “Company”) (NASDAQ: IEP).
The investigation concerns whether Icahn and certain of its officers and directors have engaged in violation of securities laws and/or other business practices.
On May 2, 2023, Hindenburg Research published a report on Icahn entitled “Icahn Enterprises: The Corporate Raider Throwing Stones From His Own Glass House.” The Hindenburg Report noted that Icahn’s units are inflated by 75% due to three key reasons: (1) Icahn trades at a 218% premium to its last reported net asset value, vastly higher than all comparables; (2) Hindenburg uncovered clear evidence of inflated valuation marks for Icahn’s less liquid and private assets; and (3) the Company has suffered additional performance losses year to date following its last disclosure.
On this news, shares of Icahn Enterprises fell nearly 10% in premarket trading after Hindenburg released the report. As of 1:15 PM ET, shares of Icahn have fallen 21% or $8.
If you suffered a loss of $100,000 or more in Icahn and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at agreco@lowey.com or afarah@lowey.com.
Whistleblowers: Persons with non-public information regarding Icahn should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
Contact
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: agreco@lowey.com
