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Celanese Corporation (NYSE: CE)

Securities Class Action

  • Date:
  • 2/10/2020
  • Company Name:
  • Celanese Corporation
  • Stock Symbol:
  • CE
  • Status:
  • Investigating

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NEW YORK, February 10, 2020 –Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Celanese Corporation (NYSE: CE) on behalf of Celanese stockholders. Our investigation concerns whether Celanese has violated the federal securities laws and/or engaged in other unlawful business practices.

On January 30, 2020, 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. Explaining the difference between GAAP and adjusted EPS, Celanese cited, among other things, a reserve 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.

If you purchased or otherwise acquired Celanese shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact  Melissa Fortunato or Marion Passmore or by email at investigations@bespc.com, telephone at (646) 860-9156, or by filling out the contact form below. There is no cost or obligation to you.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Celanese Corporation. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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