Investors of Trinseo PLC Given Opportunity to Lead Securities Fraud Lawsuit
June 1, 2023
🌧️Trending News
Investors of Trinseo ($NYSE:TSE) PLC have been given the opportunity to lead a securities fraud lawsuit against the company. This presents a unique opportunity for investors to potentially receive financial compensation for alleged fraudulent activity by Trinseo PLC. Trinseo PLC is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. The company is headquartered in Berwyn, Pennsylvania, and is listed on the New York Stock Exchange under the ticker symbol TSE.
The lawsuit claims that Trinseo PLC knowingly or recklessly misled investors about its financial performance and business operations in order to artificially inflate its stock price. Investors have the chance to join the lead plaintiff class and receive compensation if the lawsuit is successful. This is a great opportunity for those who have been victimized by the alleged corporate fraud to stand up for their rights and potentially recover some of their losses.
Share Price
On Tuesday, TRINSEO PLC shares opened at $13.6 and closed at $12.5, representing a decrease of 8.2% from its prior closing price of $13.6. This sudden plummet has prompted investors to take legal action against the company for any potential misrepresentation of its business operations. The lawsuit seeks to recover losses suffered by investors as a result of the stock price decline and is being coordinated by a prominent law firm.
Investors have the option to join the class action suit or to pursue an individual claim. The legal action could potentially result in restitution for investors affected by the price drop. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trinseo Plc. More…
| Total Revenues | Net Income | Net Margin |
| 4.58k | -496.5 | -5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trinseo Plc. More…
| Operations | Investing | Financing |
| 93.9 | -138.8 | -183.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trinseo Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.74k | 3.37k | 10.71 |
Key Ratios Snapshot
Some of the financial key ratios for Trinseo Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 11.6% | -9.7% |
| FCF Margin | ROE | ROA |
| -1.1% | -69.9% | -7.4% |
Analysis
At GoodWhale, we recently conducted an analysis of TRINSEO PLC‘s wellbeing and determined it to be a medium risk investment based on our Risk Rating. We took into account a variety of financial and business aspects when making this assessment, and trust that this information can help investors make more informed decisions when considering whether or not to invest in this company. Additionally, our analysis uncovered one risk warning in the company’s cashflow statement. For full details on this warning, we invite you to become a registered user at GoodWhale and access all the relevant information. More…
Peers
In the global market for specialty chemicals, Trinseo PLC competes with several large multinational companies, including Evonik Industries AG, PPG Industries Inc, and Shandong Dongyue Organosilicon Materials Co Ltd. The company has a strong presence in Europe and North America, and is expanding its operations in Asia.
– Evonik Industries AG ($OTCPK:EVKIF)
Evonik Industries AG is a German chemical company with a market cap of 9.4 billion as of 2022. The company’s return on equity is 8.43%. Evonik Industries AG produces a wide range of chemicals and materials, including polymers, performance materials, and health and nutrition products. The company has over 33,000 employees and operates in more than 100 countries.
– PPG Industries Inc ($NYSE:PPG)
PPG Industries, Inc., is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. It was founded in 1883 by John Pitcairn as the Pittsburgh Plate Glass Company. The company produces coatings for automotive, aerospace, construction, and industrial applications. PPG’s headquarters are located in Pittsburgh, Pennsylvania.
– Shandong Dongyue Organosilicon Materials Co Ltd ($SZSE:300821)
Shandong Dongyue Organosilicon Materials Co., Ltd. engages in the research and development, production, and sale of organosilicon products. It operates through the following segments: Organosilicon, Electronic Grade, and Organic Silicon. The Organosilicon segment produces and sells dimethyl disilane, hexamethyldisilane, trimethylsilane, tetramethylsilane, and methylchlorosilane. The Electronic Grade segment produces and sells electronic grade silicon materials. The Organic Silicon segment produces and sells cyclic polydimethylsiloxane, functional fluids, and intermediates. The company was founded on December 28, 2001 and is headquartered in Zibo, China.
Summary
Trinseo PLC is a global materials solutions provider and manufacturer of plastics, rubber, and latex. Investors have the opportunity to become involved in a securities fraud lawsuit against the company after its stock price dropped the same day. Analysts suggest investigating the facts of the case to determine whether there are grounds for a valid claim.
Additionally, investors should understand the risks associated with investing in Trinseo PLC, such as potential fluctuations in stock price and the possibility of unfavorable news related to the lawsuit. Given the current market conditions, investors should proceed with caution when considering an investment in the company.
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