Shareholders Foundation, Inc.

NYSE: CE Investor Notice: Investigation over Potential Securities Laws Violations by Celanese Corporation

An investigation for investors in Celanese Corporation (NYSE: CE) shares over potential securities laws violations by Celanese Corporation was announced.

 

San Diego, CA -- (SBWIRE) -- 03/04/2020 -- An investigation was announced concerning possible violations of securities laws by Celanese Corporation in connection with certain financial statements.

Investors who purchased shares of Celanese Corporation (NYSE: CE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on 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.

Irving, TX based Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. On January 30, 2020, Celanese Corporation 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.

Those who purchased shares of Celanese Corporation (NYSE: CE) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.