IEP Stock Recent News

Icahn will pay a total of $2 million to settle the charges.

LOS ANGELES, CA / ACCESSWIRE / August 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Icahn Enterprises L.P. ("Icahn" or "the Company") (NASDAQ:IEP) for violations of the securities laws.

NEW YORK , Aug. 19, 2024 /PRNewswire/ -- Moore Law, PLLC, a shareholder law firm located on Wall Street, is investigating potential claims against: Icahn Enterprises LP Common Stock NASDAQ: IEP Shareholders should email Fletcher@fmoorelaw.com The investigation concerns charges filed on Aug. 19, 2024 by the Securities and Exchange Commission against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P.

LOS ANGELES--(BUSINESS WIRE)--IEP Investors Have Opportunity to Join Icahn Enterprises L.P. Securities Fraud Investigation with the Schall Law Firm.

Activist investor Carl Icahn has agreed to pay $2 million to settle a probe by the Securities and Exchange Commission. The SEC investigation concerned Icahn's alleged failure to disclose pledges of his public company's securities as collateral for billions of dollars in personal margin loans.

Investor Carl Icahn and his firm Icahn Enterprises LP (NYSE:IEP) have agreed to pay $2 million in penalties to settle charges brought on by the Securities and Exchange Commission (SEC) over his failure to properly disclose billions of dollars worth of stock pledges.    Icahn and IEC failed to disclose information related to Icahn's pledges of IEP securities as collateral to secure personal margin loans worth billions of dollars under agreements with multiple lenders, the SEC said in a statement on Monday.

We had rated Icahn Enterprises a Sell on the last two occasions. The stock has had negative total returns, despite the large distributions. We examine the recent results and tell you why the announced distribution likely is the last one at that level.

Icahn Enterprises L.P. (IEP) Q2 2024 Earnings Call Transcript

SUNNY ISLES BEACH, Fla. , Aug. 7, 2024 /PRNewswire/ -- Second quarter net loss attributable to IEP of $331 million, a decline of $62 million over prior year quarter Second quarter Adjusted EBITDA attributable to IEP was a loss of $155 million, compared to $14 million for the prior year quarter Indicative Net Asset Value was approximately $4 billion as of June 30, 2024, a decrease of $969 million compared to March 31, 2024 IEP declares second quarter distribution of $1.00 per depositary unit Financial Summary (Net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified) For the three months ended June 30, 2024, revenues were $2.2 billion and net loss was $331 million, or a loss of $0.72 per depositary unit.

SUNNY ISLES BEACH, Fla. , July 24, 2024 /PRNewswire/ -- Icahn Enterprises L.P.