BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Clariant AG (“Clariant” or the “Company”) (OTC: CLZNY) investors concerning the Company’s possible violations of federal securities laws.
On February 14, 2022, Clariant disclosed that it would delay the release of its fourth quarter and full year 2021 financial results due to an internal “investigation into accounting matters related to the booking of provisions and accruals during the financial years 2020 and 2021.” Specifically, the investigation ”is reviewing whether employees incorrectly booked those provisions and accruals, with the aim of steering the Company’s results to meet internal and external targets.”
On this news, Clariant’s stock fell $3.47, or 14.6%, to close at $18.26 per share on February 14, 2022, thereby injuring investors.
If you purchased Clariant securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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