Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Celanese Corporation (NYSE: CE) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Celanese Corporation (NYSE: CE) concerning whether a series of statements by Celanese Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 30, 2020, the Company revealed its full year and fourth quarter 2019 financial results, which included GAAP diluted earnings per share (“EPS”) of $0.35 and adjusted EPS of $1.99. Scott Richardson, the Company’s Chief Financial Officer, explained this discrepancy was related to a $89 million reserve being booked by the company related to a European Commission competition law investigation concerning certain Celanese subsidiaries.
Following this news, NYSE: CE fell $6.69 per share, or 6.07%, to close at $103.50 on January 31, 2020.
Based in Irving, Texas, and founded in 1918 Celanese Corporation a chemical and specialty materials company, manufactures and sells high performance engineered polymers internationally
If you purchased shares of Celanese Corporation (NYSE: CE) on or before January 30, 2020, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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