San Diego, CA -- (SBWire) -- 05/03/2023 --An investor, who purchased shares of Trinseo PLC (NYSE: TSE), filed a lawsuit against Trinseo PLC over alleged violations of Federal Securities Laws.
Investors who purchased shares of Trinseo PLC (NYSE: TSE) have certain options and for certain investors are short and strict deadlines running. Deadline: June 20, 2023. NYSE: TSE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Wayne, PA based Trinseo PLC, a materials solutions provider, manufactures and sells plastics and latex binders in the United States, Europe, the Asia-Pacific, and internationally. On March 27, 2023, The Inquirer published an article entitled "Bristol plant that spilled chemicals into Philly's water supply had other mishaps over the last decade." The article reported "a chemical plant in Bristol that authorities said caused a toxic spill, threatening Philadelphia's drinking water, has a long history of mishaps – including at least four recent contamination incidents." In addition, the article stated "over the past decade, the U.S. Coast Guard twice before detected releases of acrylates [commonly used to produce glass-like acrylics] from the Bristol facility into the Delaware. The EPA had separately flagged two other acrylate releases." The article cites, "David Salas-de la Cruz, a Rutgers University associate professor of chemistry, worked at the Bristol plant during its Rohm and Haas days. He said the number of incidents over the past decade was unusual." Shares of Trinseo PLC (NYSE: TSE) declined to as low as $16.94 per share on May 2, 2023.
The plaintiff claims that between May 3, 2021 and March 27, 2023, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that the Company's Bristol, Pennsylvania plant had a troubled safety record while under prior ownership and continued to be unsafe after the Company acquired it, that the Defendants did not sufficiently disclose specific risks related to conducting operations at that plant, that Operating a chemical plant with an unsafe history and presently unsafe operations exposed the Company to a heightened risk of a chemical spill or other adverse event, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
Those who purchased shares of Trinseo PLC (NYSE: TSE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NYSE:TSE Investor Alert: Lawsuit Alleges Securities Laws Violations by Trinseo PLC
A lawsuit was filed on behalf of investors in Trinseo PLC (NYSE:TSE) shares over alleged securities laws violations.