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Kraton Corporation (NYSE: KRA)

Securities Class Action

Overview
  • Date:
  • 4/2/2018
  • Company Name:
  • Kraton Corporation
  • Stock Symbol:
  • KRA
  • Class Period:
  • FROM 10/25/2017 TO 2/21/2018
  • Status:
  • Closed/Complete
  • Court:
  • U.S. District Court: Southern District of Texas

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NEW YORK, April 2, 2018 – Bragar Eagel & Squire, P.C. announces to investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Kraton Corporation (NYSE: KRA) securities between October 25, 2017 and February 21, 2018 (the “Class Period”).  Investors have until April 27, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The Complaint alleges that, throughout the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Kraton was transitioning customers to Brazilian-produced Cariflex even though certain customers had already rejected that product; (2) Kraton's Brazilian-produced Cariflex was available to customers when in fact certain customers had already rejected that product; (3) Kraton lacked effective internal controls over financial reporting; and (4) as a result, Defendants' statements about Kraton's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Kraton securities during the Class Period or continue to hold shares purchased prior to the Class Period, 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 by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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