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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 9, 2019 to file lead plaintiff applications in a securities class action lawsuit against The Chemours Company (NYSE: CC).
Chemours and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 1, 2019, post-market, the Company disclosed negative financial results for 2Q2019 including decreases in earnings and revenue, a reduction to full-year free cash flow outlook to $100 million from prior guidance of over $550 million, and significant increases in estimated environmental liabilities, including over a dozen new legal and regulatory actions related to toxic perfluoroalkyl and polyfluoroalkyl substances.
On this news, the price of Chemours’ shares plummeted 19% from $18.16 per share on August 1, 2019 to $14.69 on August 2, 2019 on unusually high volume, erasing over $560 million in shareholder value.
If you purchased shares of Chemours and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Electrical Workers Pension Fund, Local 103, I.B.E.W. v. The Chemours Company, 19-cv-01911. Click here to read the case complaint.