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investment company Icahn EnterprisesReuters
•76% Informative
A federal judge dismissed a lawsuit accusing Carl Icahn of defrauding shareholders of his investment company Icahn Enterprises .
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 to borrow large amounts of personal loans.
The 88-year-old Icahn owns 85% of his namesake company, and has lost many billions of dollars .
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