#USA #New York #Pomerantz LLP #Celanese Corporation #CE

Pomerantz Law Firm Investigates Claims on Behalf of Celanese Investors

Pomerantz LLP, a renowned law firm specializing in shareholder rights, has initiated an investigation concerning Celanese Corporation (NYSE: CE). This investigation aims to uncover whether the executives at Celanese may have engaged in securities fraud or other illicit business practices related to the company’s recent financial disclosure. Investors affected by the recent developments are encouraged to reach out to the firm for further assistance.

The catalyst for this investigation stems from the financial report released by Celanese on November 4, 2024. The company announced earnings of $2.44 per share for the third quarter, which fell short of the expected $2.84 per share consensus. Moreover, Celanese reported a year-over-year revenue drop of 2.6%, totaling $2.65 billion, also beneath market expectations. This disappointing performance can be attributed to a significant decrease in demand across various sectors, particularly the automotive industry, as highlighted by CEO's statements during the earnings call.

In the press release following the earnings report, Celanese's CEO detailed that the company was operating in a