NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Kraton Corporation (“Kraton” or the “Company”) (NYSE:KRA).
After market close on February 20, 2018, Kraton issued a press release announcing its financial results for the quarter and year ended December 31, 2017. Therein, the Company stated, in part, that “our fourth quarter 2017 results include a $7.6 million negative pre-tax impact arising from customer-observed Cariflex processing issues.” The Company further sated that “during the fourth quarter 2017 certain customers notified us that they were experiencing issues processing the [Cariflex] material.”
On this news, Kraton’s share price declined, causing harm to investors.
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