Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of PPG Industries Inc (NYSE: PPG) 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 PPG Industries Inc (NYSE: PPG) concerning whether a series of statements by PPG Industries Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 10, 2018, the Company revealed that its Audit Committee had found evidence that improper accounting entries were made by certain employees at the direction of the Company’s vice president and controller. As of May 10, 2018, PPG’s former vice president was terminated. PPG reported that its financial statements for the 2017 year should not be relied upon and that PPG would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.
Following this news, NYSE: PPG fell during intraday trading on May 11, 2018, harming investors.
Based in Pittsburgh, Pennsylvania, and founded in 1883 PPG Industries Inc manufactures and distributes paints, coatings, and specialty materials in the United States and worldwide.
If you purchased shares of PPG Industries Inc (NYSE: PPG) on or before May 10, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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