INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Celanese Corporation and Encourages Investors with Losses to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--Feb 10, 2020--
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Celanese Corporation (“Celanese” or “the Company”) (NYSE: CE ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Celanese reported its full-year and fourth quarter 2019 financial results on January 30, 2020. The Company reported GAAP diluted earnings per share (“EPS”) of $0.35 and adjusted EPS of $1.99. Chief Financial Officer Scott Richardson commented on the wide discrepancy by claiming it was related to an $89 million reserve booked by the Company based on a European Commission competition investigation into the Company’s subsidiaries. Based on this news, shares of Celanese fell by more than 6% the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200210005683/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: The Schall Law Firm
Copyright Business Wire 2020.
PUB: 02/10/2020 01:33 PM/DISC: 02/10/2020 01:33 PM