SAN FRANCISCO, Feb. 7, 2020 /PRNewswire/ -- Hagens Berman urges investors in Celanese Corporation (NYSE: CE) who have suffered significant losses to submit their losses now. The firm is actively investigating whether Celanese violated federal securities laws, and certain investors may have valuable claims.
Relevant Holding Period: Before Jan. 31, 2020 | |
Sign Up: www.hbsslaw.com/investor-fraud/CE | |
Contact An Attorney Now: | |
844-916-0895 |
Celanese Corporation (CE) Investigation:
The investigation centers on whether Celanese and senior executives concealed that; (i) the Company's subsidiaries were involved in unlawful activities relating to certain raw material purchases; (ii) the foregoing increased the risk of a criminal investigation into Celanese; and (iii) Celanese's financial performance was in part the product of unlawful conduct and thus unsustainable.
In past years, Celanese and senior management touted the Company's "strong performance," attributing the results in part to "lower raw material costs."
But on July 25, 2017, the Company disclosed that the European Commission had opened a competition law investigation involving certain Celanese subsidiaries with respect to certain raw material purchases.
Then, on Jan. 30, 2020, the Company reported disappointing full year and fourth quarter 2019 financial results. Scott Richardson, the Company's CFO, blamed the poor performance on an $89 million reserve the Company booked "based on information received from the European Commission regarding its competition law investigation."
These disclosures caused the price of Celanese shares to fall sharply.
"We're focused on investors' losses and whether Celanese concealed its involvement in anticompetitive conduct with respect to its subsidiaries' raw material purchases," said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you purchased shares of Celanese and suffered significant losses, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Persons with non-public information regarding Celanese should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email CE@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 844-916-0895
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SOURCE Hagens Berman Sobol Shapiro LLP
DALLAS and AMSTERDAM and SHANGHAI, Jan. 17, 2019 /PRNewswire/ -- Celanese Corporation (NYSE: CE), a global specialty materials company, today announces legal veteran A. Lynne Puckett will join the company's executive leadership team as Senior Vice President and General Counsel, effective February 13, 2019. Formerly General Counsel at global manufacturer Colfax Corporation, Lynne brings deep experience leading a sizable global legal team through complex acquisitions, growth in emerging markets, corporate and securities matters, debt and equity offerings, and more.
"Lynne's extensive experience and her leadership approach make her a valuable addition to our Celanese team," said Mark Rohr, Celanese Chairman and Chief Executive Officer. "Her balance of strategic insights coupled with execution excellence will complement our legal team nicely. Her orientation toward volunteerism echoes our own corporate value of making a positive impact on our communities and reinforces our culture."
Lynne joins Celanese with more than eight years at Colfax Corporation where she was Senior Vice President, General Counsel and Secretary. In her time at Colfax, she guided the Board, leadership and employees through significant company growth from $700 million in revenues in 2010 to more than $3.6 billion currently. Prior to Colfax, Lynne was a partner with the Hogan Lovells law firm where she managed complex mergers and acquisitions and represented public and private companies. She holds a J.D. from the University of Maryland School of Law and a B.S. degree from James Madison University. She has served nonprofits including the American Shakespeare Center, the University of Maryland Greenebaum Cancer Center, the Baltimore Outreach Services and the Center for Refugee and Disaster Response at the Johns Hopkins Bloomberg School of Public Health.
About Celanese
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2017 net sales of $6.1 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
All registered trademarks are owned by Celanese International Corporation or its affiliates.
Celanese Contacts:
Investor Relations | Media Relations – Global | Media Relations Asia | Media Relations |
Chuck Kyrish | W. Travis Jacobsen | Helen Zhang | Jens Kurth |
+1 972 443 4574 | +1 972 443 3750 | +86 21 3861 9279 | +49(0)69 45009 1574 |
Forward-Looking Statements
This release may contain "forward-looking statements," which include information concerning the company's plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words "outlook," "forecast," "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company's control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
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SOURCE Celanese Corporation
NEW YORK, Dec. 19, 2018 /PRNewswire/ -- Celanese Corp. (NYSE: CE) will replace Express Scripts Holding Co. (NASD: ESRX) in the S&P 500 effective prior to the open of trading on Monday, December 24. S&P 500 constituent Cigna Corp. (NYSE:CI) is acquiring Express Scripts Holding in a deal expected to close soon pending final conditions. Post-merger, Cigna will change its Global Industry Classification Standard (GICS) Sub-Industry group to Health Care Services from Managed Health Care.
Celanese manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products. Headquartered in Irving, TX, the company will be added to the S&P 500 Global GICS Specialty Chemicals Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – DECEMBER 24, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Celanese | Materials | Specialty Chemicals |
DELETED | Express Scripts | Health Care | Health Care Services |
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SOURCE S&P Dow Jones Indices
DALLAS, April 20, 2018 /PRNewswire/ -- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announces the appointment of Benita M. Casey as chief accounting officer. Casey assumes this role from Kevin Oliver, who, in addition to his chief accounting officer role, successfully served as interim chief financial officer until Scott Richardson's appointment in February. As part of the company's commitment to developing employees, Oliver is relocating to assume the role of CFO of Celanese's European headquarters in Amsterdam.
Casey joined the company in January as vice president, finance and controller. In her expanded role, she will add global responsibility for SEC reporting, internal reporting, accounting, and Sarbanes-Oxley compliance.
"Benita has been a great addition to the team and is the natural choice for the position of chief accounting officer," said Chairman and CEO Mark Rohr. "As we congratulate Benita on her new role, we also celebrate Kevin Oliver who is expanding his experience with an assignment in Amsterdam. We deeply appreciate Kevin's work – including stepping in as interim CFO – and look forward to supporting his ongoing career growth at Celanese."
Immediately prior to joining the Company, Casey held the position of senior vice president internal audit with J.C. Penney Company and was vice president corporate audit with Dr Pepper Snapple Group from 2008 to 2014. She also held a number of positions of increasing responsibility over 18 years with the public accounting firm of PricewaterhouseCoopers and during her tenure at PepsiCo. She holds a bachelor's degree in Accounting from the University of Texas, Austin and is a Certified Public Accountant.
About Celanese
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2017 net sales of $6.1 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
All registered trademarks are owned by Celanese International Corporation or its affiliates.
Celanese Contacts: | |||
Investor Relations |
Media Relations – Global |
Media Relations Asia (Shanghai) |
Media Relations Europe (Germany) |
Surabhi Varshney |
W. Travis Jacobsen |
Helen Zhang |
Jens Kurth |
+1 972 443 3078 |
+1 972 443 3750 |
+86 21 3861 9279 |
+49(0)69 45009 1574 |
View original content with multimedia:http://www.prnewswire.com/news-releases/celanese-appoints-benita-casey-as-chief-accounting-officer-300633888.html
SOURCE Celanese Corporation
DALLAS, Feb. 15, 2016 /PRNewswire/ -- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced that Lori A. Johnston, the company's Senior Vice President, Human Resources, has been named Executive Vice President and Chief Administrative Officer.
In addition to her leadership of Human Resources, Johnston will be responsible for Government Affairs, Global Communications, the Celanese Foundation and the company's global community engagement programs. She also will lead the company's diversity and inclusion efforts and develop the corporate security function.
"Since joining Celanese three years ago, Ms. Johnston has brought critical leadership and business acumen to our company. She was instrumental in the development and implementation of our complementary two-core business operating model," said Mark Rohr, Celanese Chairman and Chief Executive Officer. "As Celanese continues to grow, Lori's capabilities in these additional areas will contribute to our performance as a global company."
Johnston has served as the company's Senior Vice President, Human Resources since 2012. Prior to joining Celanese, she was the Vice President, International Human Resources for Amgen, Inc., a biotechnology medicines company. She previously held management positions at the Michael and Susan Dell Foundation and Dell, Inc.
About Celanese
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our two complementary business cores, Acetyl Chain and Materials Solutions, use the full breadth of Celanese's global chemistry, technology and business expertise to create value for our customers and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,000 employees worldwide and had 2015 net sales of $5.7 billion. For more information about Celanese and our product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
All registered trademarks are owned by Celanese International Corporation or its affiliates.
Celanese Contacts: | |||
Investor Relations |
Media Relations – Global |
Media Relations Asia (Shanghai) |
Media Relations Europe (Germany) |
Chuck Kyrish |
W. Travis Jacobsen |
Helen Zhang |
Jens Kurth |
+1 972 443 4574 |
+1 972 443 3750 |
+86 21 3861 9279 |
+49(0)69 45009 1574 |
Photo - http://photos.prnewswire.com/prnh/20160215/333307
SOURCE Celanese Corporation
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