The Law Offices of Frank R. Cruz Announces Investigation of Clariant AG (CLZNY) on Behalf of Investors
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The Law Offices of Frank R. Cruz announces an investigation of Clariant AG (“Clariant” or the “Company”) (OTC: CLZNY) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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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.
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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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220308006328/en/
