LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, is continuing its investigation on behalf of Clariant AG (“Clariant” or the “Company”) (OTC : CLZNY) on investors regarding possible violations of federal securities laws.
If you have suffered a loss on your Clariant investments or would like to inquire about possible claims to recover your loss under federal securities laws, you can submit your contact information at www.glancylaw.com/cases/clariant -ag/. You may also contact Charles H. Linehan of GPM at 310-201-9150, toll-free at 888-773-9224, or by email at [email protected] to learn more about your rights.
On February 14, 2022, Clariant announced that it would delay the release of its fourth quarter and full year 2021 financial results due to an “internal investigation into accounting matters related to the recording of provisions and charges during of the 2020 and 2021 financial years”. Specifically, the investigation “examines whether employees have incorrectly recorded these accruals and accrued liabilities, with the goal of guiding business results to achieve internal and external objectives.”
On this news, Clariant stock fell $3.47, or 14.6%, to close at $18.26 per share on February 14, 2022, hurting investors.
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Notice of denunciation: Individuals with nonpublic information regarding Clariant should consider their options for assisting the investigation or taking advantage of the SEC’s Whistleblower Program. Under this program, whistleblowers who provide original information can receive rewards of up to 30% of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected]
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