Carl Icahn welcomes dismissal of Icahn Enterprises lawsuit, not selling shares
By Jonathan Stempel
Sept 16 (Reuters) -Carl Icahn said on Monday he was pleased a federal judge dismissed a lawsuit accusing the billionaire of defrauding shareholders of his investment company Icahn Enterprises IEP.O so he could obtain large amounts of personal loans.
The lawsuit followed a May 2023 report by the short-selling firm Hindenburg Research that questioned whether Icahn's company inflated its share price by paying out excessive shareholder dividends, enabling Icahn's borrowing. Hindenburg also accused Icahn of overseeing a "Ponzi-like economic structure."
Icahn owns 85% of his namesake company, and has lost many billions of dollars because its stock price has fallen by more than three-quarters since the Hindenburg report, touching a more than 20-year low last week.
But in a decision on Friday, U.S. District Judge K. Michael Moore in Miami said Icahn Enterprises sufficiently disclosed its risks to shareholders. The judge also said evidence suggested that Icahn "believed in the long-term value" of his company.
Icahn Enterprises called the lawsuit "meritless," and Icahn said in a statement: "We are pleased that the spurious claims of various unscrupulous characters, working together in a coordinated and clandestine network, have been debunked."
The 88-year-old Icahn also said he is "absolutely not selling" Icahn Enterprises shares, denying contrary claims he said were in media reports.
Lawyers for the shareholders did not respond to requests for comment on Friday after the decision, and to further requests for comment on Monday.
Last month, Icahn and his company agreed without admitting wrongdoing to pay $2 million in civil fines to settle U.S. Securities and Exchange Commission charges he did not disclose pledging large quantities of shares as collateral for his loans.
Icahn's fortune far exceeded $10 billion for many years, and is now $4.9 billion according to Forbes magazine.
The case is Kosowsky v Icahn Enterprises LP et al, U.S. District Court, Southern District of Florida, No. 23-21773.
Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
