In This Article:
NEW YORK, NY / ACCESSWIRE / September 23, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
Venator Materials PLC (VNTR)
Investors Affected : (a) between August 2, 2017 and October 29, 2018, inclusive; (b) in or traceable to the Company's initial public offering conducted on or around August 3, 2017; and (c) in or traceable to the Company's secondary public offering conducted on or around December 4, 2017.
A class action has commenced on behalf of certain shareholders in Venator Materials PLC. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the fire damage at the Pori facility was far more extensive than disclosed to investors, rendering the facility beyond repair; (b) the true cost of the Pori facility fire exceeded $1 billion, hundreds of millions of dollars beyond the limits of the Company's insurance policy; (c) the Company was paying rebuilding premiums, and thereby incurring tens of millions of dollars in additional costs, in a futile attempt to expedite the rehabilitation process; (d) Venator had lost, essentially without prospect of rehabilitation, 80% of the production capacity of the Pori facility, and thus lost a substantial portion of one of its largest revenue producing assets; and (e) the Company's reported annual Titanium Dioxide production capacity had been inflated by approximately 104,000 metric tons, or 15%.
Shareholders may find more information at https://securitiesclasslaw.com/securities/venator-materials-plc-loss-submission-form/?id=3655&from=1
3M Company (MMM)
Investors Affected : February 9, 2017 - May 28, 2019
A class action has commenced on behalf of certain shareholders in 3M Company. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) 3M had vast internal evidence dating back decades confirming that polyfluoroalkyl substances ("PFAS") are toxic (which was first publicly revealed in February 2018 by Minnesota's Attorney General); (ii) 3M had a decades-long history of suppressing negative information and/or damaging data about PFAS; and (iii) 3M has legal exposure to state, county, and local governments and individuals around the country as a result of its knowledge and intentional concealment of the toxic harm caused by the use of PFAS.