BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of PPG Industries, Inc. (“PPG” or the “Company”) (NYSE: PPG) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 10, 2018, after the market closed, PPG disclosed that it would be unable to file its quarterly report for the quarter ended March 31, 2018 on time. The Company further disclosed that, during an internal investigation into the Company’s accounting, it identified approximately $1.4 million in expenses that should have been accrued in the first quarter of 2018, and suspected there may have been $5 million in expenses that it improperly accrued in the first quarter.
On this news, PPG’s share price fell $5.68 per share, or more than 5%, to close at $100.43 per share on May 11, 2018, thereby injuring investors.
If you purchased PPG securities, 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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