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Reuters

Carl Icahn welcomes dismissal of Icahn Enterprises lawsuit, not selling shares

Reuters
Summary
Nutrition label

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 .

VR Score

87

Informative language

94

Neutral language

35

Article tone

formal

Language

English

Language complexity

61

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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no sources

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