#United States #New York #Rosen Law Firm #Celanese Corporation #Investors Rights

Rosen Law Firm's Class Action Investigation on Behalf of Celanese Investors

The Rosen Law Firm, renowned for advocating investor rights, has recently initiated an investigation concerning potential securities claims for shareholders of Celanese Corporation (NYSE: CE). This investigation arises from allegations that the company may have provided misleading business information that affected investor decisions.

What Prompted the Investigation?

On November 4, 2024, Celanese announced their third-quarter earnings results, which revealed a slight decline in net sales compared to the previous quarter. The company's now-former CEO commented on the challenging environment for demand, particularly noting that sectors like the automotive industry have seen a rapid downturn. This announcement led to a substantial market reaction, with Celanese's stock plummeting by 26.3% the following day. This drastic decline has raised concerns among investors regarding the authenticity and accuracy of the company's reported information.

Steps for Impacted Investors

For those who acquired Celanese securities and feel they may be eligible for compensation, Rosen Law Firm emphasizes that investors could recover losses without incurring any out-of-pocket expenses through a contingency fee arrangement. Interested parties are encouraged to participate by filling out a form on the firm's website or contacting legal counsel directly for more information. The firm is committed to preparing a class action to seek restitution for investors facing losses due to the purported misleading information from Celanese.

The Importance of Choosing the Right Legal Counsel

Rosen Law Firm urges investors to carefully select qualified legal representation with demonstrated success in securities class actions. The firm stands out due to its extensive experience and has been recognized for achieving significant settlements for investors, notably securing the largest settlement against a Chinese company at one time. Their record includes being ranked as the number one firm for securities class action settlements in 2017 and consistently being recognized among the top firms since 2013.

Transparency and Continuous Updates

Misinformation and lack of transparency can severely undermine investor confidence, which is why firms like Rosen Law Firm are pivotal in protecting rights and ensuring accountability. Investors are encouraged to stay updated through the Rosen Law Firm’s social media channels, including LinkedIn, Twitter, and Facebook, for ongoing news regarding this investigation and other similar cases.

Conclusion

As the investigation unfolds, the Rosen Law Firm remains dedicated to securing the interests of Celanese shareholders affected by these developments. With an emphasis on legal expertise and commitment to investor rights, the firm seeks to lead a class action aiming to restore investor confidence and rectify substantial losses attributed to misleading corporate communications. For any investors concerned about their eligibility or interested in joining the potential class action, contacting the firm promptly is advised to navigate this complex legal landscape effectively.