#United States #New York #Securities Fraud #Pomerantz Law Firm #Celanese Corporation

Investor Alert: Investigation of Claims Against Celanese Corporation

Pomerantz LLP, a leading law firm specializing in securities class action litigation, has announced an investigation into claims made by investors of Celanese Corporation (NYSE: CE). This investigation seeks to determine whether Celanese, along with certain officers and directors, engaged in securities fraud or other unethical business practices that may have adversely affected investors.

Recent Financial Disclosures

The scrutiny around Celanese stems from several concerning financial reports released over the last year. In particular, on November 4, 2024, the company disclosed its third-quarter financial results, showing earnings of $2.44 per share. This figure fell short of the analysts' consensus estimate of $2.84 per share, raising flags among investors. Moreover, the company reported a revenue of $2.65 billion, reflecting a year-over-year decline of 2.6% and also below the anticipated $2.69 billion.

In the accompanying press release, Chief Executive Officer of Celanese indicated that the company faced a "severely constrained demand environment" particularly in the automotive sector, forecasting a possible worsening of demand conditions in the subsequent quarter. This statement coincided with a significant drop in Celanese's stock price, plummeting by 26.32% on November 5, 2024, to a closing price of $91.00 per share.

Continuing Declines

The situation worsened when, on February 18, 2025, Celanese announced its fourth-quarter results and 2024 fiscal year performance. The report revealed a staggering U.S. GAAP diluted loss per share of $13.86 alongside adjusted earnings of $8.37 per share. The total net sales came to $10.3 billion, marking a 6% decline compared to the previous year. The CEO attributed this downturn to the "persistently weak global demand in critical end-markets like automotive, paints, coatings, construction and industrial." Following the release, shares declined another 21.46% to close at $54.91 on February 19, 2025.

In the following quarter on August 11, 2025, further disappointing results were reported, indicating that volumes within the Engineered Materials segment remained below normal levels. This prompted yet another decrease in stock price, which fell by 13.07% the following day.

Legal Implications and Class Action

Given these developments, Pomerantz LLP encourages all investors who may have been affected by these alarming reports and the subsequent stock price drops to come forward. Affected parties are invited to reach out to Pomerantz attorney Danielle Peyton via email at [email protected] or call at 646-581-9980, extension 7980 for more information on how to participate in the investigation or join the class action lawsuit.

Pomerantz LLP has established itself over the years as an important firm within the realms of corporate and antitrust class litigation, having fought vigorously for the rights of victims of securities fraud and corporate misconduct. The firm boasts over 85 years of experience and has successfully secured numerous multimillion-dollar settlements for class action members.

As this situation continues to unfold, affected investors should remain vigilant and consider seeking legal representation to protect their interests. The investigation is an essential step toward holding Celanese accountable for any potential mismanagement or misinformation that could have led to significant financial losses for its investors.

For more detailed inquiries regarding the investigation, please refer to Pomerantz LLP's official website at www.pomlaw.com.