Icahn Enterprises stock drops 20% amid federal investigation.
TL;DR Summary
Icahn Enterprises' stock fell by 20% after the company disclosed that it is under investigation by federal prosecutors. The investigation was launched after Hindenburg Research released a report accusing Icahn Enterprises of a "Ponzi-like" structure. The prosecutors sought information about dividends and corporate governance, among other topics. Icahn and "affiliates" own approximately 84% of Icahn Enterprises.
- Carl Icahn's Icahn Enterprises stock falls 20% after company discloses federal probe Yahoo Finance
- Carl Icahn's company stock falls as much as 20% after prosecutors seek financial information CNBC
- Icahn, Under Federal Investigation, Blasts Short Seller The Wall Street Journal
- Carl Icahn rebuts short seller Hindenburg Research's report. It’s already cost his company $6 billion in market cap. MarketWatch
- Icahn Enterprises fielding enquiries by U.S. prosecutors Yahoo Finance
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