NEW YORK--(BUSINESS WIRE)--Zamansky LLC announces that it is investigating Sealed Air Corporation (SEE) (“Sealed Air” or the “Company”) for potential breaches of fiduciary duties by Seale Air’s senior officers and board of directors. If you are a shareholder of Sealed Air who still holds your shares, and have held since November 2014, please contact our firm for information.
Sealed Air has recently been accused of engaging in a pattern of alleged accounting fraud, dating back to November 2014. After engaging in this alleged fraud for a number of years, the Company was compelled to report in an August 2018 10-Q statement that it had received a subpoena from the SEC requesting documents and information concerning the Company’s accounting for certain matters. Then, in June 2019, Sealed Air issued a press release announcing that it had terminated its CFO “for cause” following the receipt of a second SEC subpoena, which related to the process by which Sealed Air had selected its “independent” auditor. In August 2019, Sealed Air filed another 10-Q report, revealing that the investigation into the Company by governmental authorities had expanded into a criminal inquiry and now included an investigation of the circumstances surrounding the termination of its CFO. The Company subsequently announced that it had replaced its auditor, in light of recent developments.
According to Jake Zamansky, investment fraud attorney, Sealed Air’s officers and directors owe the Company and its shareholders fiduciary duties. “The recent announcements regarding an SEC investigation and other related issues raise potential concern for investors,” Zamansky says. “Our law firm is investigating whether the officers and directors have breached their duties to Sealed Air and its shareholders.”
What Sealed Air Shareholders Can Do
If you are a current shareholder of Sealed Air who still holds your stock, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email email@example.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.