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Icahn Enterprises L.P.

Company NameIcahn Enterprises L.P.
Stock SymbolIEP

On May 2, 2023, Hindenburg Research published a report alleging, among other things, that IEP units are inflated by more than 75% due to the Company trading “at a 218% premium to its last reported net asset value.” The report also claimed that the Company operates a “ponzi-like economic structure” and “has been using money taken in from new investors to pay out dividends to old investors.”

On this news, IEP’s stock price fell $10.06, or 20%, to close at $40.36 per share on May 2, 2023, thereby injuring investors.

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