The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of The Chemours Company (NYSE: CC) who purchased shares between February 16, 2017 and August 1, 2019. The action, which was filed in the United States District Court for the District of Delaware, alleges that the Company violated federal securities laws.
In particular, the Chemours lawsuit alleges that (1) Chemours had not appropriately accounted and accrued reserves for its environmental liabilities; (2) the possibility of costs exceeding accrued amounts was greater than the Company had represented to a point that could be material; (3) the Company's policies, standards and procedures were not properly designed to prevent unreasonable risk of harm to people and the environment (4) Chemours' handling, manufacture, use, and disposal of hazardous substances was not in accordance with applicable environmental laws and regulations; and (5) as a result of these misrepresentations, Chemours shares traded at artificially inflated prices.
Shareholders have until December 9, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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