According to the lawsuit, defendants misrepresented and/or failed to disclose that:
- certain of Chemours’ senior executive officers manipulated Free Cash Flow targets as a means to maximize additional cash and stock incentive compensation applicable to executive officers pursuant to Chemours’ Annual Incentive Plans (“AIPs”) and Long-Term Incentive Plans (“LTIPs”);
- Chemours’ accounting practices and procedures, including its internal control over financial reporting, were deficient, and
- as a result, defendants’ statements about Chemours’ business, operations, and prospects lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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