Invested in
Icahn Enterprises?
Attention Icahn Enterprises shareholders: contact investor rights lawyers for a free evaluation of your potential claims for compensation today.
- Did you acquire shares of Icahn Enterprises, (NASDAQ: IEP) before August 2, 2018, and do you still hold your Icahn Enterprises shares?
- Are you concerned about the recent performance of Icahn Enterprises’ stock price?
- Are you concerned about the conduct of Icahn Enterprises’ officers and directors following allegations of materially false and misleading statements concerning its net asset value and source of dividend payments?
- Would you like your potential options for compensation and/or redress to be reviewed by an experienced team of investor lawyers?
Request a free case evaluation of your potential claims for compensation today, via email at arosca@rscounsel.law, through the contact form on this page, or by calling 888-998-0530.
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Free Case Evaluation
The Icahn Enterprises Class Action Investigation page is the resource for long-term shareholders of Icahn Enterprises who would like to evaluate potential compensation claims.
- Free Case Evaluation
- No Fees if No Recovery
- Contact Us Today
We can also do a Zoom call to discuss your matter.
Posted September 29, 2023
Icahn Enterprises Class Action Investigation
Securities attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner have been investigating potential securities violations and corporate misconduct, as well as questionable business practices involving Icahn Enterprises and have identified potential areas of concern for investors.
What Icahn Enterprises Investors May Do
IEP investors interested in an evaluation of their potential options to seek compensation and/or pursue claims related to their Icahn Enterprises investment may contact investor rights attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner. Claims that are not timely pursued may expire or otherwise be lost, generally speaking.
Get in Touch with an Experienced Team of Investor Attorneys
Attorneys Rosca, Scarlato, and Weidner have extensive experience in seeking compensation related to investor harm and pursuing claims arising out of alleged violations of securities law and/or corporate misconduct, and are currently evaluating potential claims on behalf of investors in Icahn Enterprises.
They typically work on a contingent fee basis, do not require any money down from their clients, advance case expenses, and only get paid for their fees and expenses if and when successful, following review and approval by the Court of any fee application.
Concerned IEP stock investors may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to discuss their potential options toll free at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Potential Compensation Claims
Has Icahn Enterprises Been Accused of Misconduct?
Icahn Enterprises and its control persons are currently subjects of two class action lawsuits brought in Unites States federal court.
Icahn Enterprises together with its control board are being accused of allegedly inflating the net asset value and paying dividends to new investors by using money from old investors.
According to the complaints on file, on May 2, 2023, Hindenburg Research published a report alleging, among others, that Icahn Enterprises’ last indicative net asset value (“NAV”) of $5.6bn is inflated by at least 22%. The research report also claimed that Icahn Enterprises operates as a “Ponzi-like economic structure when paying dividends to investors.”
What Is the Effect of Icahn Enterprises’ Alleged Misconduct?
After the publication of Hindenburg Research’s report, the Icahn Enterprises stock price value reportedly fell 20%.
A few days later, the price per IEP share reportedly declined further after Icahn Enterprises issued its 10-Q report.
Has Icahn Enterprises Been Investigated for Misconduct?
In the 10-Q report filled with the SEC on May 10, 2023, Icahn Enterprises states that the U.S. Attorney’s office for the Southern District of New York contacted Icahn Enterprises on May 3, 2023, seeking production of information relating to the Company, certain of its affiliates ‘“corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials.” As of the date of this publication, it is unknown whether an inquiry is pending and/or what the status of any such inquiry is.
Potential Compensation Claims
Do Icahn Enterprises Shareholders Have Claims for Compensation?
Investor rights attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner at Rosca Scarlato are investigating potential options and evaluating potential claims for compensation and/or other redress on behalf of Icahn Enterprises long-term shareholders whose share value dropped following the allegations of undisclosed adverse facts. The Rosca Scarlato attorneys have decades of combined experience representing victims of corporate or financial misconduct.
If you are a current Icahn Enterprises investor who has held IEP shares since at least August 2, 2018, and are concerned about the drop in the value of your investment, you may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to learn more about your rights and for an evaluation of your potential claims, or to provide useful information.
All consultations are free. The Rosca Scarlato attorneys typically take cases like this on a contingency fee basis, advance all case costs, and only get paid for their fees and expenses if and when they are successful, following review and approval by the Court of any fee application.
To reach attorney Alan Rosca or his colleagues, IEP investors may call 888-998-0530, email arosca@rscounsel.law, or leave a message through the contact form on this webpage.
The general considerations on this page are for informational purposes only and do not constitute legal advice. Such legal advice can only be offered once the attorneys discuss each investor’s situation, learn of the relevant facts and can tailor any advice to that investor’s facts. The Icahn Enterprises Class Action Investigation page is not affiliated with Icahn Enterprises There has not been an adjudication on the merits of any allegations referenced in this blog post, as of the date of the posting.
Contact info:
Rosca Scarlato LLC – 216-946-7070 / 888-998-0530.
Alan Rosca – arosca@rscounsel.law
Paul Scarlato – pscarlato@rscounsel.law
Kathryn Weidner – kweidner@rscounsel.law
Recent Investigations
DISCLAIMER
In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.
