In its latest quarterly filing CVR Energy (CVI), a petroleum refining and nitrogen fertilizer manufacturer, inserted new language suggesting its controlling shareholder, Carl Icahn, may be the target of an unnamed investigation. In disclosing risks the company faces, CVR Energy included the following new warning:

“...the outcome of any legal proceedings involving or investigations of our controlling shareholder or his affiliates.”

Carl Icahn controls 71% of CVR Energy’s voting shares. Icahn’s firm was recently targeted by short seller Hindenburg Research which prompted an inquiry from the U.S. Attorney’s Office for the Southern District of New York.

When DuDil contacted CVR Energy to learn whether it was aware of any specific government or regulatory investigations of Mr. Icahn other than the inquiry from the U.S. Attorney’s Office for the Southern District of New York the company told us:

“Our knowledge is limited to what is currently in the public domain.”