Celanese Corporation (NYSE: CE) Investor Investigation over possible Violations of Securities Laws

An investigation was announced over potential securities laws violations by Celanese Corporation in connection with certain financial statements.

Investors who purchased shares of Celanese Corporation (NYSE: CE), 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 focuses on possible claims on behalf of purchasers of the securities of Celanese Corporation (NYSE: CE) concerning whether a series of statements by Celanese Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Irving, TX based Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. Celanese Corporation reported that its annual Total Revenue rose from over $6.14 billion in 2017 to over $7.15 billion in 2018 and that its Net Income increased from $843 million in 2017 to over $1.2 billion in 2018.

On January 30, 2020, Celanese Corporation reported its full year and fourth quarter 2019 financial results, which included GAAP diluted earnings per share ("EPS") of $0.35 and adjusted EPS of $1.99. Scott Richardson, the Company's Chief Financial Officer, explained this discrepancy was in part related to a $89 million reserve being booked by the company related to a European Commission competition law investigation concerning certain Celanese subsidiaries.

Shares of Celanese Corporation (NYSE: CE) declined from $127.52 per share in November 2019 to as low as $101.15 per share on January 31, 2020.

Those who purchased shares of Celanese Corporation (NYSE: CE) 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.

This release was published on openPR.