|Company name||PPG Industries, Inc.|
NEW YORK, May 15, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against PPG Industries, Inc. (NYSE: PPG). Our investigation concerns whether PPG has violated the federal securities laws and/or engaged in other unlawful business practices.
On May 10, 2018, PPG announced that an investigation by its Board of Directors’ Audit Committee found evidence that improper accounting entries were made by certain employees at the direction of the Company’s former Vice President and Controller. The former Vice President and Controller was put on administrative leave as of April 25, 2018, and his employment with the Company was terminated as of May 10, 2018. PPG further announced that two employees who acted under his direction have been re-assigned to different positions within the Company where they will not have a role in PPG’s internal control over financial reporting nor its disclosure control process.
Following these disclosures, the stock price of PPG fell $5.68 per share, or over 5.3%, to close at $100.43 on May 11, 2018.
If you purchased or otherwise acquired PPG shares and suffered a loss, continue to hold 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.