#United States #New York #Rosen Law Firm #Celanese Corporation #securities claims

Rosen Law Firm Investigates Celanese Corporation

The Rosen Law Firm, an internationally recognized leader in investor rights, has initiated an investigation into possible securities claims concerning shareholders of Celanese Corporation (NYSE: CE). This action stems from serious allegations that the company may have issued misleading business information to investors, potentially impacting their financial interests.

Background on the Investigation

On November 4, 2024, after trading hours, Celanese disclosed its third-quarter earnings, revealing a decline in net sales compared to the previous quarter. In the earnings announcement, the company's then-CEO elaborated on the challenges faced during the quarter, noting that the demand environment had intensified, particularly in sectors like automotive.

Despite the company's efforts to enhance value and lay the groundwork for future growth, the results failed to meet investor expectations, leading to a staggering 26.3% drop in Celanese's stock price the following day. This significant loss drew attention to potential discrepancies between the company’s public statements and its financial realities, which have prompted the law firm to investigate possible securities fraud.

What Does This Mean for Investors?

If you have purchased securities from Celanese, you might be eligible for compensation without incurring any upfront fees through a contingency fee arrangement. Such arrangements ensure that the legal fees are only collected if the class action suit is successful. The law firm is actively preparing a collective action with the aim of recovering losses incurred by investors.

To participate in this prospective class action, shareholders can visit Rosen Legal's submission form or contact Phillip Kim, Esq. at 866-767-3653.

The Importance of Choosing the Right Counsel

The Rosen Law Firm emphasizes the significance of selecting experienced legal representation with a proven track record in securities litigation. Many firms that issue such notices do not possess the necessary experience to handle securities class actions effectively. The Rosen Law Firm has established a remarkable reputation, having secured the largest class action settlement against a Chinese company at the time and consistently ranking among the top firms in securities class action settlements since 2013.

In 2019 alone, the firm successfully recovered over $438 million for investors, cementing its status as a leader in this specialization. Founding partner Laurence Rosen has even been acknowledged as a Titan of the Plaintiffs' Bar by Law360.

Communication and Updates

Investors are encouraged to follow the Rosen Law Firm for timely updates regarding the investigation through their official pages on LinkedIn, Twitter, and Facebook. The firm has made it clear that prior results do not guarantee similar outcomes, yet the commitment to pursuing justice for investors remains steadfast.

In conclusion, if you are a shareholder of Celanese Corporation, it would be prudent to explore your options and stay informed about the unfolding situation regarding the potential class action lawsuit. It’s essential to be proactive and seek legal advice as needed to safeguard your financial interests in these challenging market conditions.