TMCnet News
Robbins Arroyo LLP Is Investigating the Officers and Directors of PPG Industries, Inc. (PPG) on Behalf of ShareholdersShareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of PPG Industries, Inc. (NYSE: PPG) breached their fiduciary duties to shareholders. PPG is currently being investigated by the U.S. Securities and Exchange Commission after the company fired its controller in May because he told subordinates to override internal controls to improperly raise profit measures. On June 28, 2018, the company said its audit committee had completed its internal investigation of accounting irregularities and restated results related to annual reports for 2016 and 2017 and five previously filed quarterly reports. That same day, PPG's independent accounting firm, PricewaterhouseCoopers (News - Alert), said the compay "did not maintain… effective internal control over financial reporting." View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/ppg-industries-inc-july-2018 PPG Shareholders Have Legal Options If you would like more information about your rights and potential remedies, contact attorney Leonid Kandinov at (800) 350-6003, [email protected], or via the shareholder information form on the firm's website. Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Attorney Advertising. Past results do not guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180705005571/en/ |
