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MarketScreener Homepage  >  Equities  >  Nyse  >  Sealed Air Corporation    SEE

SEALED AIR CORPORATION

(SEE)
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SEALED AIR ROSEN, A LEADING LAW FIRM, Reminds Sealed Air Corporation Investors of Important Thursday Deadline in Securities Class Action – SEE

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12/30/2019 | 04:42pm EST

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Sealed Air Corporation (NYSE: SEE) between November 5, 2014 and August 6, 2018, inclusive (the “Class Period”) of the important January 2, 2020 lead plaintiff deadline in the case. The lawsuit seeks to recover damages for Sealed Air investors under the federal securities laws.

To join the Sealed Air class action, go to http://www.rosenlegal.com/cases-register- 1398.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Sealed Air had hired its auditor, E&Y, pursuant to a conflicted and improper process and in order to help facilitate defendants’ efforts to engage in accounting fraud; (2) Sealed Air’s deduction of $1.49 billion, in connection with a settlement resolving asbestos-related liabilities, was indefensible and done for the improper purpose of artificially inflating the Company’s financial results; (3) Sealed Air had artificially inflated its earnings, cash flows, and operating income; and (4) as a result, Sealed Air’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 2, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1398.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, 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.


© Business Wire 2019
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Financials (USD)
Sales 2020 4 918 M
EBIT 2020 813 M
Net income 2020 432 M
Debt 2020 3 281 M
Yield 2020 2,10%
P/E ratio 2020 10,9x
P/E ratio 2021 9,50x
EV / Sales2020 1,67x
EV / Sales2021 1,59x
Capitalization 4 952 M
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 43,62  $
Last Close Price 30,31  $
Spread / Highest target 71,6%
Spread / Average Target 43,9%
Spread / Lowest Target 25,4%
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Edward L. Doheny President, Chief Executive Officer & Director
Jerry R. Whitaker Non-Executive Chairman
James M. Sullivan Chief Financial Officer & Senior Vice President
Michael Chu Independent Director
Jacqueline B. Kosecoff Independent Director
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