Celanese Corporation (CE)

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Celanese Corporation (CE)

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Celanese Corporation (“Celanese” or the Company”) (NYSE: CE). The investigation concerns whether Celanese and certain of its officers and/or directors have violated federal securities laws.

 

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.  Explaining the difference between GAAP and adjusted EPS, Celanese cited, among other things, a reserve 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.

 

If you are aware of any facts relating to this investigation, or purchased Celanese shares, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2019 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.