Thieler Law Corp advises investors with losses exceeding $100,000 of the June 5, 2015 lead plaintiff deadline in a class action lawsuit filed against Chemical & Mining Co of Chile Inc (NYSE: SQM) (“Chemical & Mining Co of Chile” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Chemical & Mining Co of Chile securities between March 4, 2014 and March 17, 2015, have until May 18, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Chemical & Mining Co of Chile Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com. No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that money from Chemical & Mining Co of Chile Inc was channeled illicitly to electoral campaigns for the Independent Democratic Union ("UDI"), Chile's largest conservative party. Also alleged by the plaintiff is that the Company lacked adequate internal controls over financial reporting; and that as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times

Chile's Attorney General made an announcement on February 24, 2015 that he was leading an investigation into the bribery and tax evasion scandal involving the financial firm Banco Penta, a corruption scandal which has embroiled numerous politicians across the country's political spectrum.

On February 26, 2015, Chemical & Mining Co of Chile Inc issued the first of a series of disclosures, which, for the first time, publicly linked the Company to the ongoing UDI contribution scandal and ultimately culminated in the termination of the Chief Executive Officer and resignation of three NYSE: SQM Board members. The Company disclosed in a press release that, at the request of the Chairman of the Board of SQM, an extraordinary Board meeting was held to analyze the ongoing political scandal and the Attorney General's investigation. In such meeting, the Board resolved to establish a special committee.

On March 11, 2015, Chemical & Mining Co of Chile Inc disclosed that its Board of Directors would meet the next day to evaluate the request by the Public Prosecutor for delivery of certain information pertaining to the alleged bribery scandal.

On March 16, 2015, Chemical & Mining Co of Chile Inc announced that it had turned over all of the information requested by the Public Prosecutor in the March 6, 2015 Letter to the Chilean Internal Revenue Service for the last six years, which the Company purported was the proper authority to review such information. Chemical & Mining Co of Chile Inc also announced that the Board had agreed to terminate the Company's CEO effectively immediately. In the prior weeks, the CEO had attempted to block the Company's decision to turn over the documents.

As a result of these partial disclosures, NYSE: SQM stock consistently traded downward, from a closing price of $26.17 per share on February 25, 2015, to close at $22.10 per share on March 17, 2015, a decline of 15.55% on unusually heavy trading volume during that period.

On March 18, 2015, Chemical & Mining Co of Chile Inc issued a press release indicating that the three representatives on its Board from Canadian stakeholder Potash Corporation had resigned the prior day.

As a result of this news, shares of Chemical & Mining Co of Chile Inc (NYSE: SQM) fell an additional $3.45 per share, or more than 15.6%, on extremely heavy volume, to close at $18.65 per share on March 18, 2015.

If you were negatively impacted by your investment in Chemical & Mining Co of Chile Inc between March 4, 2014 and March 17, 2015and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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