Icahn Enterprises Shares Surge After Class Action Lawsuit Dismissal

Icahn Enterprises stock climbed higher on Tuesday following a 14% jump the previous day. The boost came after a U.S. District Court judge dismissed a class action lawsuit against the company, finding that the claims made by short seller Hindenburg Research lacked merit. This positive news comes on the heels of a settlement with the SEC regarding disclosures about Icahn’s personal margin loans.

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