INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Venator Materials PLC & Encourages Inve...
March 01 2019 - 1:07PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Venator Materials PLC (“Venator” or “the Company”)
(NYSE: VNTR) for violations of §§10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Venator suffered a massive fire at a very
important manufacturing facility in January 2017. The Company’s
Registration Statement associated with its August 2017 IPO and its
December 2017 SPO failed to disclose the extent of the damage
caused by the fire, and the huge cost that would be required to
repair the facility. The manufacturing plant, located in Finland,
lost 80% of its capacity, which was 15% of the Company’s total
capacity. The restoration cost would be more than $1 billion. By
the middle of December, shares of Venator had fallen 81% from its
IPO price.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20190301005469/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335Cell:
424-303-1964info@schallfirm.comwww.schallfirm.com
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