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Re: kenny54 post# 292

Monday, 09/16/2024 11:18:26 AM

Monday, September 16, 2024 11:18:26 AM

Post# of 341
September 13, 2024 11:19 PM UTC
Icahn Enterprises wins dismissal of investor lawsuit
Carl Icahn's investment company Icahn Enterprises (IEP.O) won the dismissal of a lawsuit claiming it artificially inflated its share price by issuing unsustainably high dividends to help the billionaire investor obtain large amounts of personal loans.
In a decision on Friday, U.S. District Judge K. Michael Moore in Miami said shareholders in the proposed class action failed to show that the company made material misrepresentations or omissions and did so with an intent to defraud.
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