NEW YORK, NY / ACCESSWIRE / July 11, 2019 / Pomerantz LLP is investigating claims on behalf of investors of Sealed Air Corporation (“Sealed Air” or the “Company”)(NYSE: SEE). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Sealed Air and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On June 20, 2019, Sealed Air announced the termination of William G. Stiehl as the Company’s Chief Financial Officer for cause, effective immediately. Sealed Air stated that “Stiehl’s termination is related to an internal review by the Audit Committee of the Board of Directors in connection with the previously disclosed investigation by the U.S. Securities and Exchange Commission (‘SEC’). This review followed the Company’s receipt of an additional subpoena for documents and information on May 2, 2019, relating to the process by which the Company selected its independent audit firm for the period beginning with fiscal year 2015, and relating to the independence of that audit firm.” On this news, Sealed Air’s stock price fell sharply on June 21, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP