VENATOR MATERIALS PLC INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District for the Southern District of New York against Venator Materials PLC

LEAD PLAINTIFF DEADLINE IS SEPTEMBER 30, 2019


NEW YORK, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of those who acquired Venator Materials PLC (“Venator” or the

“Company”) (NYSE: VNTR) securities during the period from August 2, 2017 to October 29, 2018 (the “Class Period”), inclusive.

Investors who purchased the shares of Venator Materials PLC are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have incurred losses in the shares of Venator Materials PLC, you may, no later than September 30, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Venator Materials PLC.

## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##

The filed complaint alleges that in connection with its August 2017 and December 2017 stock offerings, and continuing throughout the Class Period, Venator misrepresented:

  • the true extent of the fire damage to its Pori facility;

  •  the cost to rehabilitate the facility; and
     
  • the impact on Venator’s business and operations.

On July 31, 2018, Venator revealed that the fire damage at the Pori facility was far more extensive than Defendants had previously represented to investors. Specifically, Venator announced that the cost to repair the facility had climbed to more than $375 million above the insurance policy limits. On this news, the price of Venator shares fell $0.73, or 4.8%, to close at $14.62 on July 31, 2019.

Then, on September 12, 2018, Venator announced that it was abandoning the Pori facility, which was still only operating at 20% capacity, despite the Company’s previous assurances that the site would be repaired and restored back to its full operating capacity. On this news, the price of Venator shares fell $0.54, or 4.8%, to close at $10.81 on September 12, 2018.

Finally, on October 30, 2018, Venator announced that, in addition to the over $500 million in costs and lost business associated with the Pori fire incurred to date, the Company incurred a restructuring expense of approximately $415 million and would incur additional “charges of $220 million through the end of 2024” related to the Pori site. On this news, the price of Venator shares fell $1.53, or 19.1%, to close at $6.47 on October 30, 2018.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.