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Icahn Enterprises wins dismissal of investor lawsuit
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Icahn Enterprises wins dismissal of investor lawsuit
Sep 14, 2024 12:15 AM

Sept 13 (Reuters) - Icahn Enterprises ( IEP ) won the

dismissal of a lawsuit claiming it artificially inflated its

share price by issuing unsustainably high dividends to support

the personal borrowing and financial interests of billionaire

Carl Icahn, its majority investor.

In a decision on Friday, U.S. District Judge K. Michael

Moore in Miami said investors who filed the lawsuit failed to

show that Icahn Enterprises ( IEP ) made material misrepresentations or

omissions and did so with an intent to defraud.

The judge gave the investors until Oct. 14 to file an

amended complaint.

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