Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Lost Money in Icahn Enterprises L.P.?

Gibbs Law Group Investigates Potential Securities Law Violations

Gibbs Law Group reminds investors that a class action lawsuit has been filed against Icahn Enterprises L.P. (NASDAQ: IEP) on behalf of investors who purchased Icahn securities between August 2, 2018, and May 9, 2023, inclusive. The lawsuit seeks to recover losses on behalf of Icahn investors under the federal securities laws.

To join the Icahn class action lawsuit or to speak privately with our legal team about your rights in this class action lawsuit, click here or call (888) 410-2925.

On May 2, 2023, shares of Icahn Enterprises dropped as much as 20% in intraday trading after Hindenburg published a report alleging the company is grossly overvalued and resembles a “Ponzi-like” structure. “Icahn has been using money taken in from new investors to pay out dividends to old investors,” according to the Hindenburg report. Furthermore, the report alleges the 15.8% dividend investors enjoy is unsustainable and only possible due to the at-the-money stock offering program used by Icahn. The report claims that Icahn trades at a 218% premium compared to its stated net asset value (NAV), which indicates the stock could be overvalued.

On May 3, 2023, the day after Hindenburg’s report came out, Icahn announced it would delay releasing its first quarter earnings report until May 10. The report stated that the U.S. Attorney’s office for the Southern District of New York contacted Icahn seeking production of information relating to its affiliates’ “corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials.”

Following this news, Icahn’s stock price dropped 15% on May 10, 2023, further harming investors.

What Should Icahn Investors Do?

If you invested in Icahn, visit our website or contact our securities team directly at (888) 410-2925 to discuss how you may be able to recover your losses. The class action lawsuit alleges that Icahn Enterprises L.P. has violated federal securities laws by providing false or misleading statements to investors.

About Gibbs Law Group

Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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