Icahn Enterprises controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile4 entries
2026
Endeavor seeks disgorgement of investors’ profits from buyout-related trades
Lawsuit filed
Endeavor Group Holdings asked a federal court in New York to order Icahn Enterprises and Troluce Capital Advisors to give up profits from arbitrage positions they built to challenge Endeavor’s buyout by Silver Lake. Endeavor alleges the investors coordinated their trading and violated federal securities rules. The allegations are not presented as adjudicated findings.
Source excerpt
Endeavor Group Holdings, taken private by Silver Lake in a $25 billion buyout, has asked a federal court in New York to order Icahn Enterprises and hedge fund Troluce Capital Advisors to give up any profits from the arbitrage positions they built to challenge the deal, Bloomberg Law reported.
Endeavor argues the investors violated federal securities rules, including the short-swing profit rule that requires holders of more than 10% of a company to disgorge profits on certain trades made within six months, as well as disclosure requirements for large share purchases.
2024
SEC disclosure settlements
Icahn Enterprises and Carl Icahn settled SEC charges related to disclosure failures. The reported penalties were $1.5 million for the company and $500,000 for Icahn, with no admission or denial of wrongdoing.
2024
Florida class-action lawsuit
A class-action lawsuit concerning disclosures and dividend-related issues was dismissed. The court concluded that the relevant risks, including the possibility of reduced distributions and Carl Icahn's borrowing, had been adequately disclosed.
2023
Hindenburg Research short report
Hindenburg Research alleged that Icahn Enterprises was overvalued, questioned the sustainability and structure of its distributions, and criticized borrowing secured against Carl Icahn's holdings. The report caused a sharp decline in the partnership's market price.