Investor Investigation of Chemours Co (NYSE:CC) over Possible Violations of Securities Laws
An investigation for investors in NYSE:CC shares over potential securities laws violations by Chemours Co was announced and NYSE:CC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 06/08/2016 --An investigation for investors of Chemours Co (NYSE:CC) shares over potential securities laws violations by Chemours in connection certain financial statements was announced.
Investors who purchased shares of Chemours Co (NYSE:CC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Chemours Co (NYSE:CC) concerning whether a series of statements by Chemours regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chemours Co reported that its annual Total Revenue declined from over $7.36 billion in 2012 to over $5.71 billion in 2015 and that its Net Income of over $1 billion in 2012 decreased to a Net Loss of $90.00 million in 2015.
Shares of Chemours Co (NYSE:CC) grew from $3.14 per share in January 2016 to $10.44 per share on May 17, 2016.
On June 2, 2016, a report was released asserting that Chemours Co, a spin-off from DuPont, "is the most morally and financially bankrupt company that we have ever witnessed." The report further alleges that Chemours Co is just the "latest chapter in a well documented 60+ year pattern of wanton and deliberate abuse of humanity, the environment and now the capital markets." The report also alleges that Chemours Co is responsible for dumping a toxic chemical known as C8, aka PFOA, into the drinking water of millions of people; and, therefore can face very large future liabilities.
Shares of Chemours Co (NYSE:CC) declined on June 2, 2016, to as low as $7.52 per share.
On June 6, 2016, NYSE:CC shares closed at $8.48 per share.
Those who purchased shares of Chemours 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
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/696299