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    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

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    How Does Albemarle’s (NYSE:ALB) P/E Compare To Its Industry, After The Share Price Drop?

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    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

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    Imagine Owning United Natural Foods (NYSE:UNFI) And Trying To Stomach The 93% Share Price Drop

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    Why Plug Power Stock Dropped 10% This Morning

  • OTC
    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

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    The TSX Stock Market Is Closer to the Bottom Than You Think

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    CANADA STOCKS – TSX falls 1.34% to 16,553.99

  • News
    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

    Are we about to sleepwalk into another market crash?

    Are we about to sleepwalk into another market crash?

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  • NYSE
    Introducing Avangrid (NYSE:AGR), The Stock That Dropped 17% In The Last Year

    Introducing Avangrid (NYSE:AGR), The Stock That Dropped 17% In The Last Year

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    How Does RH’s (NYSE:RH) P/E Compare To Its Industry, After The Share Price Drop?

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    Did You Manage To Avoid Two Harbors Investment’s (NYSE:TWO) Devastating 74% Share Price Drop?

    How Does Albemarle’s (NYSE:ALB) P/E Compare To Its Industry, After The Share Price Drop?

    How Does Albemarle’s (NYSE:ALB) P/E Compare To Its Industry, After The Share Price Drop?

  • NASDAQ
    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

    Why Is Yelp (YELP) Down 35.5% Since Last Earnings Report?

    Why Is Yelp (YELP) Down 35.5% Since Last Earnings Report?

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    Imagine Owning United Natural Foods (NYSE:UNFI) And Trying To Stomach The 93% Share Price Drop

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    Why Plug Power Stock Dropped 10% This Morning

  • OTC
    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

    SoftBank-backed Ola seeks financial relief during lockdown

    SoftBank-backed Ola seeks financial relief during lockdown

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    Telkom SA Ltd ADS (OTCMKTS:TLKGY) Downgraded to “Hold” at ValuEngine

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  • TSX
    The TSX Stock Market Is Closer to the Bottom Than You Think

    The TSX Stock Market Is Closer to the Bottom Than You Think

    Sims Metal Management (OTCMKTS:SMSMY) Reaches New 1-Year Low at $5.00

    TSX falls 4.6% to 14,270.09

    Laramide Resources (TSE:LAM) Shares Cross Below 200 Day Moving Average of $0.22

    Laramide Resources (TSE:LAM) Shares Cross Below 200 Day Moving Average of $0.22

    CANADA STOCKS – TSX falls 1.34% to 16,553.99

    CANADA STOCKS – TSX falls 1.34% to 16,553.99

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Sealed Air Stock Plummets After Lawsuit Filing (NYSE: SEE)

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November 12, 2019
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Sealed Air Stock Plummets After Lawsuit Filing (NYSE: SEE)

A recently filed legal complaint alleges that Sealed Air’s deduction of $1.49 billion in connection with a settlement of asbestos liabilities was actually done for the improper purpose of artificially inflating the Company’s financial results. The complaint further alleges that Sealed Air fired one auditor and hired another for an improper purpose – namely, to facilitate Sealed Air’s efforts to engage in accounting fraud.

On August 6, 2018, Sealed Air disclosed receipt of a subpoena from the SEC concerning the Company’s accounting for income taxes, financial reporting, and disclosures. This news drove the price of Sealed Air stock down over 5% on August 7, 2018. Thereafter, on June 20, 2019, the Company fired CFO William Stiehl for cause after completing an internal investigation and receiving a second SEC subpoena.

If you invested in Sealed Air prior to Summer 2018 and suffered significant investment losses, you may have a potential claim. While a class action may be appropriate for some investors, many investors may end up with a better recovery by filing an individual case, in many instances those can be customer dispute claims against the broker-dealer and/or financial advisor that recommended the investments and those claims can be processed privately through the Financial Industry Regulatory Authority (FINRA) Office of Dispute Resolution. FINRA claims are typically faster and more efficient than court claims, and they provide investors with a private arbitration process (without depositions) an opportunity to resolve their dispute.

Brokerage firms and financial advisors have an obligation to sell suitable investments to their clients. If the brokerage firm or financial advisor fails to do so, they can be liable for investor losses. Brokerage firms also have obligations to perform due diligence on investments such as SEE before they are sold to investors, so that the firms can disclose the material risks and characteristics of the investment to their customers. If a brokerage firm fails to perform adequate due diligence, or fails to disclose the material risks in a fair and balanced manner and investors suffer damages as a result, the brokerage firm can be liable for losses.

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