BOSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) — Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by The Chemours Company (“Chemours” or the “Company”) (NYSE: CC).
About the Investigation
On February 29, 2024, in a Form 8-K filed with the U.S. Securities Exchange Commission, the Company stated that it had placed its President and Chief Executive Officer, Senior Vice President and Chief Financial Officer and Vice President, Controller and Principal Accounting Officer on administrative leave “pending the completion of an internal review being overseen by the Audit Committee of the Board of Directors with the assistance of independent outside counsel, which scope includes the processes for reviewing reports made to the Chemours Ethics Hotline, the Company’s practices for managing working capital, including the related impact on metrics within the Company’s incentive plans, certain non-GAAP metrics included in filings made with the Securities and Exchange Commission or otherwise publicly released, and related disclosures.”
Also, before the market open, Bloomberg reported that “Chemours shares s[a]nk 31% in premarket trading after the chemicals company announced management changes and delayed its earnings report.“
Contact
If you have information concerning this investigation, please contact us here: https://www.bermantabacco.com/case/the-chemours-company/.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities and antitrust complex cases. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Chambers USA, Benchmark Litigation, which has ranked the firm as Highly Recommended and a Top Ten Plaintiffs, The Legal 500, U.S. News & World Report-Best Lawyers, The Daily Journal, Lawdragon, Who’s Who Legal, and Super Lawyers.
The firm has offices in Boston, Massachusetts and San Francisco, California.
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Berman Tabacco
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(800) 516-9926
Email: law@bermantabacco.com
