NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until July 19, 2018 to file lead plaintiff applications in a securities class action lawsuit against PPG Industries, Inc. (NYSE: PPG). Investor losses must relate to purchases of the Company’s securities between April 24, 2017 and May 10, 2018. This action is pending in the United States District Court for the Central District of California.
PPG investors should visit us at https://www.claimsfiler.com/cases/new-york-se-ppg or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
On May 10, 2018, PPG disclosed that an investigation by its Audit Committee into violations of accounting policies relating to expense accrual for 1Q2018 also uncovered improper income reclassification entries made at the direction of its VP and Controller, who was terminated effective that day. Further, PPG would not be filing its 1Q2018 report timely and its financial statements for 2017 should no longer be relied upon. On this news, the price of PPG’s shares plummeted.
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