financetom
Business
financetom
/
Business
/
Carl Icahn says SEC settlement shows Hindenburg Research's 2023 allegations were without merit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Carl Icahn says SEC settlement shows Hindenburg Research's 2023 allegations were without merit
Aug 19, 2024 7:33 AM

Aug 19 (Reuters) - Billionaire investor Carl Icahn on

Monday said a settlement with U.S. regulators showed

short-seller Hindenburg Research's allegations last year that he

and his company IEP ran a "Ponzi-like" scheme were without

merit.

"Hindenburg's modus operandi, which is to publish scurrilous

and unsupported allegations, did damage to IEP and its

investors. We are glad to put this matter behind us and will

continue to focus on operating the business for the benefit of

unit holders," Icahn said in a statement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Manchester United posts fifth straight year of financial losses
Manchester United posts fifth straight year of financial losses
Sep 11, 2024
Sept 11 (Reuters) - Manchester United ( MANU ) on Wednesday reported a bigger annual net loss, marking the fifth consecutive year of financial losses for the English club, and said core profit this financial year could be lower due to its restructuring initiatives. Its net loss widened to 113.2 million pounds ($148.14 million) in the year ended June 30,...
Dollarama beats quarterly profit view on lower costs, stable demand
Dollarama beats quarterly profit view on lower costs, stable demand
Sep 11, 2024
(Reuters) -Dollarama ( DLMAF ) beat second-quarter profit estimates on Wednesday, helped by lower costs and stable demand for low-priced essentials like groceries. Consumers grappling with rising living costs have relentlessly bargain-hunted and traded down to cheaper alternatives. In addition, lower costs of inbound shipping and logistics helped the dollar-store company counter lingering challenges related to shrink, in which inventory...
Why Trump Media & Technology Stock Is Nosediving In Wednesday's Premarket
Why Trump Media & Technology Stock Is Nosediving In Wednesday's Premarket
Sep 11, 2024
Shares of Trump Media & Technology Group Corp. ( DJT ) , the holding company of the Truth Social platform, plunged in premarket trading. The sharp decline came after Tuesday’s debate between Republican candidate Donald Trump, who owns TMTG, and Vice President Kamala Harris, his Democratic rival. A flash poll conducted by CNN among registered voters who watched the debate showed...
Market Chatter: McDonald's Launches Kiosks That Take Cash, Dispense Change
Market Chatter: McDonald's Launches Kiosks That Take Cash, Dispense Change
Sep 11, 2024
07:30 AM EDT, 09/11/2024 (MT Newswires) -- McDonald's (MCD) is launching ordering terminals in the US that accept cash and give back change, Bloomberg reported Wednesday, citing people familiar with the new store format. Most McDonald's already have digital ordering terminals that accept payment cards, making customers paying in cash line up to pay at cashiers. The new machines further...
Copyright 2023-2026 - www.financetom.com All Rights Reserved