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

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

At February 29, 2024Ahead of the launch, the company said 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.” December 31, 2023 with respect 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 The chief accountant had been placed on administrative leave “pending the completion of an internal review monitored by the Board’s Audit Committee with the assistance of independent outside consultants.”

On this news, Chemours stock price fell $9.05 per share, or more than 31%, from a closing price of $28.72 per share February 28, 2024to close $19.67 per share 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 firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses caused by companies Fraud or misconduct by listed 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 KahnManaging Partner
(email protected)
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC