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Sealed Air Corporation (NYSE: SEE) Investor Alert: Deadline in Lawsuit on December 31, 2019

12-20-2019 01:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

Sealed Air Corporation (NYSE: SEE) Investor Alert: Deadline

The Shareholders Foundation announced that a deadline is coming up on December 31, 2019 in the lawsuit filed for certain investors of Sealed Air Corporation (NYSE: SEE) over alleged securities laws violations by Sealed Air Corporation.

Investors who purchased shares of Sealed Air Corporation (NYSE: SEE) have certain options and there are strict and short deadlines running. Deadline: December 31, 2019. NYSE: SEE stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Sealed Air Corporation (NYSE: SEE) common shares between November 5, 2014 and August 6, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 5, 2014 and August 6, 2018, the defendants made false and misleading statements and/or failed to disclose adverse information regarding Sealed Air’s business, operations, and financial condition. Specifically, defendants failed to disclose that Sealed Air’s deduction of $1.49 billion in connection with a settlement of asbestos liabilities was indefensible and done for the improper purpose of artificially inflating Sealed Air’s financial results; that Sealed Air had switched auditors pursuant to a conflicted and improper process and in order to help facilitate defendants’ efforts to engage in accounting fraud; and that Sealed Air had artificially inflated its earnings, cash flows, and operating income between November 5, 2014 and August 6, 2018.

Those who purchased shares of Sealed Air Corporation (NYSE: SEE) 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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