BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Kraton Corporation (“Kraton” or the “Company”) (NYSE: KRA) securities between October 25, 2017 and February 21, 2018, inclusive (the “Class Period”). Kraton investors have until April 27, 2018 to file a lead plaintiff motion.
Investors that suffered losses on their Kraton investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to email@example.com.
On February 20, 2018, Kraton announced its 2017 results, and disclosed that during the fourth quarter certain customers notified the Company that they were experiencing issues processing the Company’s Cariflex material. On this news, Kraton’s share price fell more than 15% to close at $43.10 per share on February 21, 2018, thereby injuring investors.
According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose that: (1) Kraton was transitioning customers to Brazilian-produced Cariflex even though certain customers had already rejected that product; (2) Kraton's Brazilian-produced Cariflex was available to customers when in fact certain customers had already rejected that product; (3) Kraton lacked effective internal controls over financial reporting; and (4) as a result, defendants’ statements about Kraton's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you purchased shares of Kraton during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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