Celanese Corporation (NYSE: CE)

This investigation is for anyone who acquired securities in Celanese Corporation (NYSE: CE) prior to November 5, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by stuffing the Company’s channels of distribution for the purpose of artificially inflating revenue.

On November 4, 2024, after market hours, Celanese reported its third quarter 2024 earnings, missing consensus estimates due in part to “rapid and acute [demand] downturns in Western Hemisphere automotive and industrial segments.”  The Company further disclosed that it would be “temporarily idling production facilities in every region.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Celanese Corporation (NYSE: CE) prior to November 5, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.