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MarketScreener Homepage  >  Equities  >  Nyse  >  Celanese Corporation    CE

CELANESE CORPORATION

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Celanese : ROSEN, A LEADING INVESTOR FIRM, Announces Investigation into Securities Claims Against Celanese Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm - CE

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02/14/2020 | 07:15pm EST

NEW YORK, Feb. 14, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Celanese Corporation (NYSE: CE) resulting from allegations that Celanese may have issued materially misleading business information to the investing public.

On January 30, 2020, post-market, Celanese 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.

On this news, Celanese's stock price fell $6.69 per share, or 6.07%, to close at $103.50 on January 31, 2020.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Celanese's investors. If you purchased shares of Celanese, please visit the firm's website at http://www.rosenlegal.com/cases-register-1772.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com

 

Cision
View original content:http://www.prnewswire.com/news-releases/rosen-a-leading-investor-firm-announces-investigation-into-securities-claims-against-celanese-corporation-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm--ce-301005501.html

SOURCE Rosen Law Firm, P.A.


© PRNewswire 2020
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