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New York, New York–(Newsfile Corp. – January 24, 2025) – WHY: The Rosen Law Firm, a global investment rights law firm, continues to investigate potential investment claims on behalf of shareholders. Celanese Corporation (NYSE: NYSE: ) stemming from allegations that Celanese may have provided misleading business information to the investing public.
NOW: If you have purchased Celanese securities you may be entitled to compensation without paying out-of-pocket fees or expenses through a contingency fee arrangement. The Rosen Law Firm is organizing a class action to seek to recover the investors’ losses.
WHAT YOU NEED TO DO: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=33409 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about a class action.
DON’T: On November 4, 2024, after market hours, Celanese reported its third quarter earnings, which included sales “down slightly from the previous quarter(.)” Commenting on these results, the announcement quoted the former CEO of Celanese as saying. “in the third quarter, we faced conditions of strong demand, which in some cases such as the car, deteriorated rapidly. I want to thank our teams for fulfilling our quality. improvement efforts of bringing improvements today while laying the groundwork for future growth(.) However, these actions are getting worse in the current environment and the returns generated fell short of our expectations Challenges as we go position Celanese people for long-term success.
On this news, Celanese stock fell $32.50 per share, or 26.3%, to close at $91.00 per share on November 5, 2024.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Oftentimes, the companies that issue the notices don’t have the experience, the resources, or any meaningful peer recognition. Many of these firms do not actually prosecute securities class actions. Be smart when choosing advice. The Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder litigation. The Rosen Law Firm achieved the largest defense settlement against a Chinese Company at that time. Rosen Law Firm is ranked No. 1 by ISS Securities Group Action (WA:) Securities ranking services in 2017. The firm has been ranked 4th every year since 2013 and has earned hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by Law360 as a Titan of Plaintiffs’ Bar. Most of the firm’s lawyers are recognized by Lawdragon and Super Lawyers.
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Advertising Attorney. Preliminary results do not guarantee a similar outcome.
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