NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 10, 2023 to file lead plaintiff applications in a securities class action lawsuit against Icahn Enterprises L.P. (NasdaqGS: IEP), if they purchased the Company’s securities between August 2, 2018 and May 9, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Florida.
What You May Do
If you purchased securities of Icahn and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-iep/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 10, 2023.
About the Lawsuit
Icahn and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 10, 2023, pre-market, the Company disclosed that the U.S. Attorney’s office for the Southern District of New York contacted Icahn Enterprises on May 3, 2023 seeking production of information relating to the Company and certain of its affiliates’ “corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials.”
On this news, shares of Icahn fell $5.75 per share, or 15.1%, to close at $32.22 per share on May 10, 2023.
The case is Osaneme Okaro v. Icahn Enterprises L.P., No. 23-cv-21773.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit http://ksfcounsel.com/.