The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of Texas on
behalf of purchasers of Kraton Corporation (NYSE: KRA) (“Kraton” or the
“Company”) securities during the period between October 25,
2017 and February 21, 2018, inclusive (the “Class Period”). Investors
who wish to become proactively involved in the litigation have until
April 27, 2018 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Kraton securities during
the Class Period. Members of the class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. No class has yet
been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that Kraton was transitioning customers to
Brazilian-produced Cariflex even though certain customers had already
rejected that product, that Kraton’s Brazilian-produced Cariflex was
available to customers when in fact certain customers had already
rejected that product, and that Kraton lacked effective internal
controls over financial reporting.
According to the complaint, following a February 21, 2018 filing of the
annual report that announced that certain customers had issues with its
Brazilian-produced Cariflex, which negatively impacted earnings, the
value of Kraton shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in
Kraton securities purchased on or after October 25, 2017 and held
through the revelation of negative information during and/or at the end
of the Class Period and would like to learn more about this lawsuit and
your ability to participate as a lead plaintiff, without cost or
obligation to you, please contact Brower Piven either by email at [email protected]
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
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