CHEMOURS COMPANY SHAREHOLDER ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES MORE THAN $100,000 of lead plaintiff deadline in class action lawsuit against The Chemours Company – CC

NEW ORLEANS, May 11, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time have May 20, 2024 to file lead plaintiff motions in a securities class action lawsuit against The Chemours Company (NYSE: CC) if you purchased or otherwise acquired the Company’s shares between February 10, 2023 and February 28, 2024 (including the “Class Period”). . This lawsuit is pending in the United States District Court for the District of Delaware.

What you can do

If you have purchased shares of Chemours and would like to discuss your legal rights and what impact this case may have on you and your right to compensation for your economic loss, you may contact KSF’s Managing Partner, Lewis, without obligation and at no cost to you Kahn, contact 1-877-515-1850 or email ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-cc/ to learn more. If you would like to serve as lead plaintiff in this class action lawsuit, you must file a motion with the court by mail May 20, 2024.

About the lawsuit

Chemours and certain of its executives are accused of failing to disclose material information during the class period, thereby violating federal securities laws.

On February 29, 2024, the Company announced prior to the launch that the filing of its 2023 annual report had been delayed and that it was “evaluating one or more potential material weaknesses in its internal control over financial reporting as of December 31, 2023.” with a view to maintaining effective controls related to the control environment, including the effectiveness of the “tone at the top” set by certain members of senior management.” and that its President/CEO, Senior VP/CFO and Vice President, Controller and Chief Accountants were placed on administrative leave “pending the completion of an internal review overseen by the Board’s Audit Committee, with the assistance of.” independent external consultant.

On this news, Chemours stock price fell $9.05 per share, or more than 31%, from a closing price of $28.72 per share on February 28, 2024 to a closing price of $19.67 -dollars per share on February 29, 2024.

The case is Taylor Jr. v. The Chemours Company et al.No. 24-cv-00361.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses resulting from corporate fraud or misconduct by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, managing partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC