BENSALEM, Pa.–(BUSINESS WIRE)–The Law Firm of Howard G. Smith is continuing its investigation on behalf of Clariant AG (“Clariant” or the “Company”) (OTC: CLZNY) investors regarding possible violations by the Company of federal securities laws.
On February 14, 2022, Clariant announced 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 recording of provisions and charges during of the 2020 and 2021 financial years”. Specifically, the investigation “examines whether employees have incorrectly recorded these accruals and accrued liabilities, with the goal of guiding business results to achieve internal and external objectives.”
On this news, Clariant stock fell $3.47, or 14.6%, to close at $18.26 per share on February 14, 2022, hurting investors.
If you have purchased Clariant securities, have information or want to know more about these claims, or have any questions regarding this announcement or your rights or interests in these matters, please contact Howard G. Smith, Esquire, Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at howardsmith@howardsmithlaw .com, or visit our website at www.howardsmithlaw.com.
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