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MarketScreener Homepage  >  Equities  >  Nyse  >  Sealed Air Corporation    SEE

SEALED AIR CORPORATION

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Sealed Air : RM LAW Announces Further Investigation of Sealed Air Corporation

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09/04/2019 | 06:36pm EST

BERWYN, Pa., Sept. 4, 2019 /PRNewswire/ -- RM LAW, P.C. announces an investigation on behalf of Sealed Air Corporation ("Sealed Air" or the "Company") (NYSE: SEE) investors concerning the Company and its officers' possible violations of federal securities laws.

If you purchased shares of Sealed Air and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

On June 20, 2019, after the market closed, the Company announced that it had terminated for cause its Chief Financial Officer, following an internal review by the Audit Committee. According to the Company, this review is related to an SEC subpoena regarding the selection of the Company's independent firm and the independence of that audit firm.

On this news, the Company's share price fell $1.97 per share, or nearly 5%, to close at $41.70 per share on June 21, 2019, thereby injuring investors.

Then, on August 15, 2019, Upslope Capital published a report alleging, among other things, that Sealed Air made misleading earnings adjustments. Upslope stated that Sealed Air has inappropriately excluded "costly, never-ending restructuring programs," totaling more than $500 million, from its non-GAAP financials.

On this news, the Company's share price fell  $1.02, over 2%, to close at $41.99 per share on August 15, 2019, thereby injuring investors further.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:

RM LAW, P.C.


Richard A. Maniskas, Esquire


1055 Westlakes Dr., Ste. 300


Berwyn, PA 19312


484-324-6800


844-291-9299


rm@maniskas.com

 

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View original content to download multimedia:http://www.prnewswire.com/news-releases/rm-law-announces-further-investigation-of-sealed-air-corporation-300912004.html

SOURCE RM LAW, P.C.


© PRNewswire 2019
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