INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Adient plc & Encourages Invest...
October 15 2018 - 6:01PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Adient plc (“Adient” or “the Company”) (NYSE: ADNT)
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. Adient touted efficiency improvements in
its SS&M business, claiming it was “solidly on track” to
achieve a 200-basis-point margin improvement by 2020. This business
was actually facing significant challenges and was not likely to
achieve the margin improvement target. On January 17, 2018, Adient
admitted that near-term results were “significantly impacted by
SS&M.” Even at that date, the Company claimed the margin
improvement plan was still viable. On May 3, 2018, the Company
announced an impairment charge related to the SS&M business and
finally admitted “the 200 basis points of margin expansion … is no
longer going to be achievable.” On June 11, 2018, the CEO of Adient
suddenly resigned without explanation. Based on these facts, the
Company’s statements were false and materially misleading
throughout the class period. When the market learned the truth
about Adient, investors suffered damages.
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/20181015005952/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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