Reported 26 days ago
Icahn Enterprises has successfully had a lawsuit dismissed, where shareholders accused the company of artificially inflating its stock price through unsustainable dividends to facilitate Carl Icahn's personal loans. U.S. District Judge K. Michael Moore ruled that shareholders failed to demonstrate any material misrepresentations or fraudulent intent. Icahn Enterprises shares have significantly dropped since mid-2023 after concerns were raised about its financial practices.
Source: YAHOO