Icahn Enterprises Sued by Investor Following Short-Seller Report

Icahn Enterprises LP, Carl Icahn’s seven-industry holding company, failed to disclose the misconduct allegation recently leveled against it by a short seller, an investor says in a proposed class action filed Thursday.

Investor Osaneme Okaro also alleges the company didn’t tell investors that it would be targeted by regulators or prosecutors. Icahn Enterprises said in a filing Wednesday that the US Attorney’s office for the Southern District of New York is seeking information on its corporate governance, securities offerings, dividends and due diligence, among other materials.

Okaro filed the lawsuit in the US District Court for the Southern District ...