Rosen Law Firm, a global investor rights law firm, has announced that it filed a class action lawsuit on behalf of investors who purchased securities of Trinseo PLC between May 3, 2021, and March 27, 2023, inclusive. The lawsuit seeks to recover damages for Trinseo investors under the federal securities laws.
According to the lawsuit, Trinseo's defendants made false and/or misleading statements and failed to disclose crucial information during the Class Period. Among other things, they did not disclose the Bristol, Pennsylvania plant's troubled safety record, which continued to be unsafe even after Trinseo acquired it. Moreover, the defendants did not provide enough information about the risks of conducting operations at that plant. Operating a chemical plant with a history of safety issues and current unsafe operations exposed the company to an elevated risk of a chemical spill or other adverse events. The lawsuit claims that Trinseo's statements about its business, operations, and prospects were materially false and misleading and lacked a reasonable basis at all times.
The lawsuit claims that when the true details regarding the Bristol plant's safety record and current conditions entered the market, investors suffered damages. As a result, the lawsuit seeks to recover damages for Trinseo investors under the federal securities laws.
If you wish to join the Trinseo class action lawsuit, you can visit the Rosen Law Firm's website or call Phillip Kim, Esq., toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
If you would like to serve as the lead plaintiff, you must move the Court no later than June 20, 2023. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. If you have questions about your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
Members of LevelFields received the alert of this event on April 20, 6:35 PM ET
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