Case Page

 

Case Status:    ONGOING    
On or around 08/27/2018 (Ongoing date of last review)

Filing Date: February 26, 2018

Kraton produces and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

According to the law firm press release, the Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Kraton was transitioning customers to Brazilian-produced Cariflex even though certain customers had already rejected that product; (2) Kraton’s Brazilian-produced Cariflex was available to customers when in fact certain customers had already rejected that product; (3) Kraton lacked effective internal controls over financial reporting; and (4) as a result, defendants’ statements about Kraton’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On June 26, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Chemicals - Plastics & Rubber
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: KRA
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Texas
DOCKET #: 18-CV-00591
JUDGE: Hon. Kenneth M Hoyt
DATE FILED: 02/26/2018
CLASS PERIOD START: 10/25/2017
CLASS PERIOD END: 02/21/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Steckler Gresham Cochran PLLC
    12720 Hillcrest Rd, Suite 1045, Steckler Gresham Cochran PLLC, TX 75230
    (972) 387-4040 (972) 387-4041 ·
  2. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: S.D. Texas
DOCKET #: 18-CV-00591
JUDGE: Hon. Kenneth M Hoyt
DATE FILED: 08/27/2018
CLASS PERIOD START: 10/25/2017
CLASS PERIOD END: 02/21/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Steckler Gresham Cochran PLLC
    12720 Hillcrest Rd, Suite 1045, Steckler Gresham Cochran PLLC, TX 75230
    (972) 387-4040 (972) 387-4041 ·
  2. The Rosen Law Firm, P.A. (New York)
    350 Fifth Avenue, Suite 5508, The Rosen Law Firm, P.A. (New York), NY 10118
    212.686.1060 212.202.3827 · lrosen@rosenlegal.com
No Document Title Filing Date