CC - The Chemours Company (CC) Determines CEO CFO Delayed Payments & Accelerated Collections to Hit Annual Cash Flow Goals - Hagens Berman | Benzinga

SAN FRANCISCO, March 18, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges The Chemours Company (NYSE:CC) investors who suffered substantial losses to submit your losses now.

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The Chemours Company (NYSE:CC) Investigation:

On March 6, 2024, Chemours disclosed a bombshell update to its internal review relating to an anonymous report made to the company's Ethics Hotline.

The company said, "the members of senior management who were placed on administrative leave last week violated the Company's Code of Ethics applicable to the Chief Executive Officer, the Chief Financial Officer, and the Controller relating to the ‘promot[ion of] full, fair, accurate, timely and understandable disclosure."

More specifically, Chemours revealed that CEO Mark Newman, CFO Jonathan Lock and Controller Camela Wisel: (1) "engaged in efforts in the fourth quarter of 2023 to delay payments to certain vendors that were originally ...

CC) Determines CEO, CFO Delayed Payments & Accelerated Collections to Hit Annual Cash Flow Goals - Hagens Berman>Full story available on Benzinga.com