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.