Icahn Enterprises wins dismissal of investor lawsuit

Icahn Enterprises LP

13/09/2024 22:23

Sept 13 (Reuters) - Icahn Enterprises  IEP.O  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 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.
    

 (Reporting by Jonathan Stempel in New York)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))