Icahn Enterprises settles SEC charges over alleged disclosure failure, shares fall

Icahn Enterprises LP

19/08/2024 16:45

** Shares of Icahn Enterprises LP  IEP.O  down 1.1% to
$15.82 
    ** Billionaire investor Carl Icahn and his firm IEP settles
charges he failed to disclose for years pledging the majority of
the firm's securities for billions in personal margin loans,
together agreeing to pay $2 mln in penalties, U.S. regulators
say 
    ** Icahn says the outcome allows him to put to rest
Hindenburg's "scurrilous and unsupported" allegations as federal
authorities had investigated the short seller's claims but
chosen not to take action
    ** However, Hindenburg says it stood by its allegations and
continued its short position on the company's securities
    ** Including session's move, IEP down ~8% YTD 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))