Lawsuit for Investors in Shares of PPG Industries, Inc. (NYSE: PPG) Announced by Shareholders Foundation
SAN DIEGO, CA / ACCESSWIRE / June 13, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of PPG Industries, Inc. (PPG).
Investors, who purchased shares of PPG Industries, Inc. (PPG), have certain options and for certain investors are short and strict deadlines running. NYSE: PPG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On May 10, 2018, PPG Industries, Inc. disclosed that the Company's Audit Committee had found evidence that improper accounting entries were made by certain employees at the direction of its former vice president and controller. PPG's former vice president was placed on administrative leave on April 25, 2018 and terminated effective May 10, 2018, while two employees who acted under the former vice president's direction have been reassigned to different roles. Concurrently, PPG Industries, Inc. advised investors that its financial statements for the year 2017 should not be relied upon and that the Company will be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.
On May 20, 2018, a lawsuit was filed against PPG Industries, Inc. over alleged securities laws violations. The plaintiff claims that defendants made false and/or misleading statements and/or failed to disclose that PPG Industries, Inc's consolidated financial statements for the year ended December 31, 2017 and the quarterly financial statements of 2017 contained improper accounting entries and could no longer be relied upon, that PPG Industries, Inc. failed to maintain adequate internal controls, and that as a result, defendants' public statements were materially false and misleading at all relevant times.
Those who purchased PPG Industries, Inc. (PPG) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
