INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Olin Corporation. - OLN
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Olin Corporation. - OLN |
| [11-February-2025] |
NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Olin Corporation ("Olin" or the "Company") (NYSE:OLN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Olin and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On January 30, 2025, Olin issued a press reporting its financial results for the fourth quarter of 2024. Olin also issued guidance for the first quarter of 2025, including adjusted EBITDA of $150 million to $170 million, falling well short of the $227.1 million analyst consensus estimate. Olin cited "challenging industry conditions" "as commercial customers continue to work down elevated inventories along with softer consumer demand," global epoxy demand remains weak, and its U.S. and European epoxy business "remains significantly challenged by subsidized Asian competition." On this news, Olin's stock price fell $2.89 per share, or 8.87%, to close at $29.29 per share on January 31, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, 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, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz 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.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:
SOURCE Pomerantz LLP | ||
Company Codes: NYSE:OLN |
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