Investigation announced for Investors in shares of Koppers Holdings Inc. (NYSE: KOP)

An investigation was announced over potential securities laws violations by Koppers Holdings Inc. in connection with certain financial statements.

Investors who purchased shares of Koppers Holdings Inc. (NYSE: KOP), 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 whether a series of statements by Koppers Holdings Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Pittsburgh, PA based Koppers Holdings Inc. provides treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. Koppers Holdings Inc. reported that its annual Total Revenue declined from over $1.66 billion in 2020 to over $1.67 billion in 2021, and that its Net Income increased from $122 million in 2020 to $85.2 million in 2021.

On February 23, 2022, Koppers disclosed that the U.S. Securities and Exchange Commission was conducting an investigation "into the Company's public non-GAAP financial metrics disclosures regarding the Company's debt reduction target and net leverage ratio for the Fiscal Year 2019 and the related management of its accounts payable." Koppers' Chief Executive Officer and other current and former officers and employees had received subpoenas for information and testimony pursuant to a formal order of investigation dated February 14, 2021.

Shares of Koppers Holdings Inc. (NYSE: KOP) declined from $30.94 per share on February 16, 2022 to as low as $27.50 per share on March 1, 2022.

Those who purchased shares of Koppers Holdings Inc. (NYSE: KOP), have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.