Icahn Enterprises Issued Misleading Debt Offering: Suit

Law360, New York (January 11, 2010, 5:36 PM EST) -- An affiliate of private investment firm Q Investments LP has filed a lawsuit against Icahn Enterprises LP, accusing the company of overstating the amount of Federal-Mogul Corp. stock it owns in order to sweeten a $2 billion debt offering.

Icahn Enterprises allegedly misled investors by failing to mention much of that stock is potentially controlled by Q Investments-affiliate Nineteen Eighty-Nine LLC, according to a suit filed Monday in the New York Supreme Court for the County of New York.

Icahn allegedly claimed in debt offering documents...
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