NEW YORK, Oct. 12, 2018 — Pomerantz LLP is investigating claims on behalf of investors of Axalta Coating Systems Ltd. (“Axalta” or the “Company”) (NYSE: AXTA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Axalta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 8, 2018, Axalta announced that its Chief Executive Officer Terrence Hahn had resigned after an internal investigation conducted by outside counsel found that Hahn’s conduct was inconsistent with the Company’s policies.
Following this announcement, Axalta’s stock price fell $1.94 per share, or 6.78%, on intraday trading on October 9, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT: Robert S. Willoughby Pomerantz LLP [email protected] 888-476-6529 ext. 9980