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MarketScreener Homepage  >  Equities  >  Nyse  >  Kraton Corp    KRA

KRATON CORP (KRA)
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Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Kraton Corporation to Contact Brower Piven Before the Lead Plaintiff Deadline in Class Action Lawsuit

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03/13/2018 | 06:26pm CEST

The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of purchasers of Kraton Corporation (NYSE: KRA) (“Kraton” or the “Company”) securities during the period between October 25, 2017 and February 21, 2018, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until April 27, 2018 to seek appointment as lead plaintiff.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Kraton securities during the Class Period. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that Kraton was transitioning customers to Brazilian-produced Cariflex even though certain customers had already rejected that product, that Kraton’s Brazilian-produced Cariflex was available to customers when in fact certain customers had already rejected that product, and that Kraton lacked effective internal controls over financial reporting.

According to the complaint, following a February 21, 2018 filing of the annual report that announced that certain customers had issues with its Brazilian-produced Cariflex, which negatively impacted earnings, the value of Kraton shares declined significantly.

If you have suffered a loss in excess of $100,000 from investment in Kraton securities purchased on or after October 25, 2017 and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please contact Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.


© Business Wire 2018
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Financials ($)
Sales 2018 2 063 M
EBIT 2018 261 M
Net income 2018 98,6 M
Debt 2018 1 485 M
Yield 2018 -
P/E ratio 2018 19,68
P/E ratio 2019 10,92
EV / Sales 2018 1,49x
EV / Sales 2019 1,33x
Capitalization 1 594 M
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Mean consensus HOLD
Number of Analysts 5
Average target price 55,0 $
Spread / Average Target 10%
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Managers
NameTitle
Kevin Michael Fogarty President, Chief Executive Officer & Director
Dan F. Smith Chairman
Jose Fernando Cherubini Haddad Senior Vice President-Global Operations
Stephen E. Tremblay Chief Financial Officer & Executive Vice President
Vijay R. Mhetar Chief Technology Officer & Senior Vice President
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