Stock slides 16% on news of probe of its operations and after company swings to a loss
Carl Icahn’s investment arm has lost $6 billion in market cap since a short-seller report.
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Carl Icahn’s investment arm disclosed a federal investigation of its business on Wednesday, just weeks after a short-seller report accused it of inflating asset values and wiped $4 billion off its market value in a single day.
In its 10-Q filing with the Securities and Exchange Commission, Icahn Enterprises L.P said the U.S. Attorney’s office for the Southern District of New York contacted it on May 3, seeking information relating to corporate governance, capitalization, securities offerings, dividends, valuation, marketing…
