Press release
Investigation announced for Investors in shares of Icahn Enterprises L.P. (NASDAQ: IEP) over possible Violations of Securities Laws
An investigation for investors in Icahn Enterprises L.P. (NASDAQ: IEP) shares over potential securities laws violations.
Investors who purchased shares of Icahn Enterprises L.P. (NASDAQ: IEP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Icahn Enterprises L.P. (NASDAQ: IEP) concerning whether a series of statements by Icahn Enterprises L.P. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Sunny Isles Beach, FL based Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally.
On May 2, 2023, Hindenburg Research released a report outlining its concerns regarding Icahn Enterprises L.P.. The firm alleges that Icahn Enterprises L.P. units are inflated by up to 75% stating, "(1) IEP trades at a 218% premium to its last reported net asset value (NAV), vastly higher than all comparables (2) we've uncovered clear evidence of inflated valuation marks for IEP's less liquid and private assets (3) the company has suffered additional performance losses year to date following its last disclosure."
Shares of Icahn Enterprises L.P. (NASDAQ: IEP) declined from $51.34 per share on May 1, 2023 to as low as $28.29 per share on May 04, 2023.
Those who purchased shares of Icahn Enterprises L.P. (NASDAQ: IEP) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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