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Investigation announced for Long-Term Investors in Venator Materials PLC (NYSE: VNTR)

12-14-2019 02:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Venator Materials PLC (NYSE: VNTR) shares.

An investigation on behalf of current long term investors in Venator Materials PLC (NYSE: VNTR) shares.

An investigation on behalf of current long-term investors in shares of Venator Materials PLC (NYSE: VNTR) concerning potential breaches of fiduciary duties by certain directors and officers of Venator Materials PLC was announced.

Investors who are current long term investors in Venator Materials PLC (NYSE: VNTR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: VNTR stocks follows a lawsuit filed against Venator Materials PLC over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: VNTR stocks, concerns whether certain Venator Materials PLC directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Venator ordinary shares during the time period of August 2, 2017 and October 29, 2018, and the plaintiff alleges also violations under Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 ("Securities Act") on behalf of all persons who purchased or otherwise acquired Venator ordinary shares in or traceable to the Company's initial public offering of ordinary shares conducted on or around August 3, 2017 (the "IPO"), and secondary public offering of ordinary shares conducted on or around December 4, 2017 (the "SPO," and together with the IPO, the "Offerings").

More specifically, the plaintiff claims that the defendants misrepresented the true extent of the fire damage to Venator's Pori facility, the cost to rehabilitate the facility, and the impact on Venator's business and operations. The plaintiff also alleges that the company assured investors that the Pori facility would be rebuilt with insurance proceeds within its policy limits, and that between August 2, 2017 and October 29, 2018, Venator and its executives continued to assure investors that the rebuild of the Pori facility was on track and that the Company would be able to fully recoup the production capacity lost in the fire.

Those who purchased shares of Venator Materials PLC (NYSE: VNTR) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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