CC - The Chemours Company (CC) Hit With Securities Class Action After Announcing Senior Executives Manipulated Free Cash Flow to Boost Their Pay - Hagens Berman | Benzinga

SAN FRANCISCO, May 08, 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.

On Mar. 27, 2024, Chemours announced that "payments of up to approximately $100 million were delayed until the first quarter of 2024, primarily to certain vendors that were originally due to be paid in the fourth quarter of 2023; and collection of up to approximately $260 million of receivables that were originally not due to be received until the first quarter of 2024 were accelerated into the fourth quarter of 2023."

Chemours also revealed this was not the first time such accounting manipulation occurred. Similar actions "were taken in the fourth quarter of 2022, resulting in a delay of up to $40 million of payments to vendors that were originally ...

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