CC - The Chemours Company (CC) Hit With Securities Class Action After Announcing CEO & CFO Improperly Shifted Deals to Boost Their Pay - Hagens Berman | Benzinga

SAN FRANCISCO, March 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges The Chemours Company (NYSE:CC) investors who suffered substantial losses to submit your losses now.

Class Period: Feb. 10, 2023 – Feb. 28, 2024
Lead Plaintiff Deadline: May 20, 2024
Visit: www.hbsslaw.com/investor-fraud/CC
Contact An Attorney Now: CC@hbsslaw.com
844-916-0895

The Chemours Company (NYSE:CC) Securities Fraud Class Action:

"We're investigating the propriety of Chemours' financial statements, including its internal controls, and the company's tone at the top," said Reed Kathrein, the Hagens Berman partner leading the investigation.

The complaint alleges that Chemours misrepresented and failed to disclose that (1) certain of its executive officers manipulated Free Cash Flow targets as a means to maximize additional cash and stock incentive compensation applicable to executive officers pursuant to its Annual Incentive Plans ("AIPs") and Long-Term Incentive Plans ("LTIPs"), and (2) its accounting practices and procedures, including its internal control over financial reporting, were deficient.

The complaint follows Chemours' bombshell Mar. 6, 2024 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 ...

CC) Hit With Securities Class Action After Announcing CEO & CFO Improperly Shifted Deals to Boost Their Pay - Hagens Berman>Full story available on Benzinga.com