ROSEN, A LEADING LAW FIRM, Continues Its Investigation of Securities Claims Against Celanese Corporation – CE
Celanese Corporation Celanese Corporation (CE)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Celanese Corporation (NYSE: CE) resulting from allegations that Celanese may have issued materially misleading business information to the investing public.On January 30, 2020, post-market, Celanese reported 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 in part related to a $89 million reserve being booked by the company related to a European Commission competition law investigation concerning certain Celanese subsidiaries.On this news, Celanese’s stock price fell $6.69 per share, or 6.07%, to close at $103.50 on January 31, 2020.Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Celanese’s investors.
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- 11/4/24 - Form 8-K
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