Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in Kraton Corporation (NYSE: KRA) in connection to alleged violations of securities laws by KRA. Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments made in Kraton Corporation from October 25, 2017 until February 21, 2018.
The class action complaint specifically alleges that during the period in question, KRA might have provided false and/or misleading material information, and/or failed to disclose adverse material information, chiefly: that despite customers prior rejection of the company’s Cariflex project, which was produced in Brazil, the company was transitioning them to it; that the product was available despite customers’ rejection of it; that the company did not have proper internal controls over its financial reporting procedures; and that consequently the company’s statements to the public during the relevant period were false and misleading. The complaint alleges that when true facts emerged, investors suffered losses.
According to the company’s website, Kraton Corporation is a company engaged in the development, manufacturing and marketing of “biobased chemicals and specialty polymers that deliver exceptional value and enhance the lives” of customers around the globe. The company describes itself as a “leading global producer of styrenic block copolymers (SBC) and pine chemicals.” Kraton has “more than 800 customers” in markets spanning “over 70 countries,” according to its website. Its listed markets include medical, inks, coatings, automotive, sealants, roofing, tires, oil gels, oilfield chemicals, polymer modification, and personal care. It has manufacturing plants in Belpre, Ohio; Germany; France; Brazil; and a “joint venture” plant in Japan. The company trades on the New York Stock Exchange under the symbol KRA.
A class action lawsuit has already been filed in connection with Kraton Corporation. If you wish to serve as lead plaintiff in the KRA lawsuit, you must move the Court no later than April 27, 2018. If you wish to join the litigation, please contact Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.