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PRNewswire 25-May-2023 11:00 AM
LOS ANGELES, May 25, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Trinseo PLC ("Trinseo" or the "Company") (NYSE:TSE).
Class Period: May 3, 2021 – March 27, 2023
Lead Plaintiff Deadline: June 20, 2023
If you wish to serve as lead plaintiff of the Trinseo lawsuit, you can submit your contact information at https://www.glancylaw.com/cases/Trinseo-PLC/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at email@example.com to learn more about your rights.
On March 27, 2023, The Philadelphia Inquirer reported that Trinseo's chemical plant in Bristol, Pennsylvania, which caused a toxic spill that threatened Philadelphia's drinking water, has "a long history of mishaps – including at least four recent contamination incidents."
On this news, Trinseo's stock price fell $1.09, or 5.3%, to close at $19.62 per share on March 27, 2023, thereby injuring investors.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) 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; (2) Defendants did not sufficiently disclose specific risks related to conducting operations at that plant; (3) 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 (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View original content:https://www.prnewswire.com/news-releases/tse-investors-have-opportunity-to-lead-trinseo-plc-securities-fraud-lawsuit-301834247.html
SOURCE Glancy Prongay & Murray LLP