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Pomerantz Law Firm Investigates Possible Fraud at Celanese Corporation

In a significant move that has caught the attention of the investment community, Pomerantz LLP has commenced an investigation on behalf of investors of Celanese Corporation, known by its ticker symbol CE. The firm is assessing whether Celanese and some of its executives have potentially engaged in securities fraud or other unlawful business practices that could adversely affect shareholders.

On November 4, 2024, Celanese made headlines after releasing its financial results for the third quarter of 2024. The figures revealed adjusted earnings of $2.44 per share, which starkly contrast with the consensus estimate of $2.84 per share. Furthermore, the revenue reported was $2.65 billion, marking a 2.6% decline year-over-year, again failing to meet the anticipated $2.69 billion. In the subsequent press release, CEO of Celanese admitted the company was grappling with a severely constrained demand environment, particularly in sectors like automotive, which faced rapid degradation in demand. The warnings indicated expectations for even harsher conditions in the fourth quarter, as both automotive and industrial segments prepared for heavier than normal season stocking.

Following this troubling report, Celanese's stock suffered a plunge, falling $32.50 per share, equating to a 26.32% decrease to close at $91.00 on November 5, 2024. This marked a significant moment for investors and raised red flags concerning the company's transparency and business health.

As if this event was not enough, yet another blow came shortly after. On February 18, 2025, the company issued a release detailing their fourth quarter and full year financial results for 2024. Notably, Celanese reported a staggering GAAP diluted loss of $13.86 per share, with adjusted earnings per share at $8.37. The overarching decline in net sales of $10.3 billion represented a 6% decrease from the previous year, spurred by a 4% drop in price and a 1% reduction in volume, impacted further by unfavorable currency exchanges. The company explicitly tied its dismal results to the ongoing weakness in global demand across crucial markets, including automotive and construction sectors.

Consequently, the negative news correlated with another drop in Celanese's stock price, which fell by $15.00 or 21.46%, resulting in shares closing at $54.91 on February 19, 2025. Investors were increasingly alarmed as it became clear that the business was struggling to navigate market dynamics productively.

In a further appraisal of Celanese’s ongoing battle, the company faced another disappointing quarter reported on August 11, 2025. Once again, the Engineered Materials segment displayed volumes below expected levels, primarily due to easing destocking efforts in Europe. This continuous trend of declining performance culminated in a further stock price drop of $6.20 per share—13.07%—with the market closing at $41.22 on August 12, 2025.

Pomerantz LLP, esteemed for its expertise in corporate and securities litigation, is known for advocating for investors’ rights. Founded over 85 years ago by the late Abraham L. Pomerantz, the firm has built a reputation for pioneering efforts in securities class action lawsuits. Throughout its history, it has recovered substantial damages for victims of corporate misconduct and fraud.

The ongoing investigation by Pomerantz LLP serves as a critical reminder to shareholders that transparency and ethical governance are paramount in maintaining investor trust. Anyone who has experienced losses during this tumultuous period is urged to reach out to Pomerantz for further information on participation in this increasingly relevant investigation.

For those impacted by these events, please contact Danielle Peyton at [email protected] or 646-581-9980, extension 7980 for more information or assistance in joining the class action. This situation highlights the importance of vigilance among investors in navigating the often-complex landscape of corporate governance and adhering to best practices to safeguard their investments.