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CE Investors Have Opportunity to Join Celanese Corporation Securities Fraud Investigation with the Schall Law Firm
CECelanese(CE) Prnewswire·2025-01-10 06:28

Core Summary - The Schall Law Firm is investigating potential securities law violations by Celanese Corporation on behalf of investors [1] - The investigation centers on whether Celanese issued false or misleading statements or failed to disclose material information to investors [2] - Celanese reported a slight decline in net sales for Q3 2024 compared to the previous quarter [2] - The company faced a severely constrained demand environment, particularly in the automotive sector [2] - Earnings fell short of expectations despite value-enhancing initiatives [2] - The former CEO stated that additional measures are being taken to address current challenges and position the company for long-term success [2] Company Performance - Celanese's Q3 2024 net sales were down slightly from the previous quarter [2] - The company's earnings fell short of expectations due to a constrained demand environment [2] - Value-enhancing initiatives were implemented but were increasingly offset by market conditions [2] Industry Context - The automotive sector experienced a swift degradation in demand, impacting Celanese's performance [2] - The overall demand environment was severely constrained during the reporting period [2] Legal Investigation - The Schall Law Firm is investigating potential securities law violations by Celanese [1] - The investigation focuses on possible false or misleading statements and failure to disclose material information [2] - Shareholders who suffered losses are encouraged to participate in the investigation [2]