SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Adient plc. Investors (ADNT)
[October 11, 2018]

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Adient plc. Investors (ADNT)


Law Offices of Howard G. Smith announces an investigation on behalf of Adient plc ("Adient" or the "Company") (NYSE: ADNT) investors concerning the Company and its officers' possible violations of federal securities laws.

On January 17, 2018, the Company revealed that its near-term results are being significantly impacted by the Company's capital-intensive seat structures and mechanisms ("SS&M") business. On this news, shares of Adient dropped 10%. Then on January 29, 2018, Adient announced poor financial results for the first quarter of 2018, attributing the inadequate results to problems in SS&M. On this news, shares of Adient fell $5.53, nearly 7.6%, to cose at $66.77.



On May 3, 2018, Adient revealed a $279 million net impairment charge related to the SS&M business and confessed that "the 200 basis points of margin expansion . . . is no longer going to be achievable." On this news, Adient stock dropped 9.9%, to close at $55.84.

Finally, on June 11, 2018, Adient announced the resignation of its CEO and reduced its earnings guidance. On this news, shares of Adient fell $8.88, or 15.6%, to close at $48.10, thereby injuring investors.


If you purchased Adient securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy