Shares of Icahn Enterprises (IEP) are rising after a US district court dismissed a class action lawsuit that accused founder and chairman Carl Icahn and the company of defrauding shareholders. The suit referenced a Hindenburg Research report from 2023 that accused Icahn of overseeing a "Ponzi-like economic structure" through inflating share prices and paying out excessive dividends.

Catalysts Hosts Seana Smith and Madison Mills report more on the story and the stock's movement and response to this dismissal.

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This post was written by Melanie Riehl