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The Chemours Company Has Been Implicated In A Securities Fraud Class Action Lawsuit Heres How Investors Can Get More Information

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–News Direct–

By Faith Ashmore, Benzinga

The Chemours Company (NYSE: CC) has been under scrutiny for a securities fraud class action lawsuit filed in the United States District Court for the District of Delaware. The action, Taylor Jr. v. The Chemours Company, et al. affects anyone who purchased or acquired Chemours common stock between February 10, 2023, and February 28, 2024.

Chemours, a chemical company, is accused of engaging in misconduct related to its financial reporting. The company claimed to have generated strong Free Cash Flow for the fourth quarter of 2022 and the full year of 2022, which is the amount of cash a company has available after accounting for operational expenses and investments in property and equipment. Chemours reported its Free Cash Flow figures and its CEO and CFO certified the accuracy of the numbers. Chemours also set criteria for executive compensation based on financial targets, including Free Cash Flow targets. Senior executive officers, including the CEO and CFO, were entitled to additional cash compensation and stock-based compensation if these targets were met.

However, on February 13, 2024, Chemours announced a delay in releasing its financial results for the fourth quarter and full year of 2023. The company cited the need for additional time to complete its reporting process and evaluate its internal control over financial reporting. It also revealed that an internal review was being conducted by the audit committee.

As a result of this announcement, the stock price of Chemours fell by over 12%. Then, on February 29, 2024, Chemours further shocked investors by announcing that its CEO, CFO and principal accounting officer were placed on administrative leave. The company disclosed that the investigation involved processes for reviewing reports made to the company's Ethics Hotline and practices for managing working capital, including their impact on incentive plans and certain financial metrics.

Following this revelation, the stock price of Chemours plummeted by more than 31% to the price of $28.72 per share. On March 6, 2024, Chemours announced that the audit committee found evidence that senior management had deliberately delayed payments to vendors and accelerated the collection of receivables to meet Free Cash Flow targets and incentive compensation metrics. Kessler Topaz Meltzer & Check, LLP has filed a class action lawsuit against The Chemours Company based on the admission of the senior managements securities fraud.

Heres How Investors With Losses Can Find Out More Information About Their Rights

Kessler Topaz Meltzer & Check, LLP, located in Radnor, Pennsylvania, has earned a reputation for prosecuting class actions in state and federal courts throughout the U.S. and globally. It has successfully recovered billions of dollars for victims of fraud and other corporate misconduct. The firm is encouraging Chemours investors who have suffered significant losses to directly contact the firm for more information.

To potentially qualify as a lead plaintiff in the Chemours class action lawsuit, investors must take action no later than May 20, 2024. They can move the Court to serve as lead plaintiff either through Kessler Topaz Meltzer & Check, LLP, or other legal counsel. Alternatively, investors can choose to do nothing and remain as absent class members.

A lead plaintiff is a representative party who acts on behalf of all class members in the litigation. This individual or small group of investors typically has the largest financial interest and is considered adequate and typical of the proposed class of investors. The lead plaintiff also selects legal counsel to represent both the lead plaintiff and the class. If the court approves these attorneys, they become lead or class counsel. Applying to become a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit.

CLICK HERE to submit your Chemours losses or to contact an attorney to discuss your rights: Jonathan Naji, Esq. (484) 270-1453 or email at info@ktmc.com.

Featured photo by Tasos Mansour on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. This content may be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

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Press Release

Discover Unique and Affordable Gifts at China Creative Center – A Premier Destination for High-Quality Chinese Products

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The China Creative Center, a leading online destination for high-quality, creatively designed products, offers an array of unique and affordable gift options. Whether you’re searching for thoughtful Mother’s Day gifts, distinctive Father’s Day presents, or special gifts for children’s birthdays, the China Creative Center has something for everyone. By shopping here, you can give your loved ones a meaningful present that also celebrates Chinese culture.

A Gift for Every Occasion

At the China Creative Center, customers are treated to an impressive selection of gifts that are not only creative but also deeply tied to the rich heritage and craftsmanship of China. Our platform is perfect for those seeking a distinctive touch to their presents, blending creativity and tradition with affordability.

Mother’s Day Gifts

Celebrate your mom with a beautifully crafted Chinese tea set, silk scarves, or jade jewelry – all reflecting elegance and thoughtfulness. These exquisite items are perfect for showing appreciation for her love and care while introducing her to the timeless beauty of Chinese culture.

Father’s Day Gifts

Honor dad with practical yet stylish gifts like handcrafted bamboo watches, calligraphy sets, or traditional Chinese health tools such as a gua sha stone or acupressure massage devices. These gifts represent wellness, wisdom, and respect – ideal for showing him how much you care.

Children’s Birthday Gifts

For children’s birthdays, China Creative Center offers an exciting array of gifts that are both fun and educational. Choose from traditional Chinese toys, art kits, and unique cultural games that introduce kids to the wonders of Chinese tradition in a playful, engaging way. Wooden puzzles featuring Chinese architecture, lantern-making kits, or calligraphy sets are perfect for sparking a young imagination.

Celebrate with Chinese Culture

The China Creative Center is committed to bringing Chinese culture to the forefront of everyday life through practical and beautifully designed products. Each item is a testament to China’s rich artistic heritage, with the craftsmanship and attention to detail making these gifts memorable and cherished.

Whether you’re shopping for yourself or someone special, China Creative Center makes it easy to select affordable yet meaningful gifts that can be treasured for years to come. This is more than just a shopping experience; it’s an opportunity to embrace creativity and connect with Chinese culture in a personal way.

About China Creative Center

China Creative Center is a leading online mall offering high-quality creative products that reflect the beauty and craftsmanship of Chinese culture. We provide a diverse selection of gift options for all occasions, with the goal of making unique and culturally significant items accessible to everyone. Our dedication to affordability ensures that anyone can experience the beauty of Chinese artistry without breaking the bank.

For more information, visit https://chinacreativehub.com/.

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Hyalure Unveils Groundbreaking Anti-Aging Dermal Filler: Erelle CMC Revolutionizes Cosmetic Injectables with Unmatched Longevity and Safety

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A World-First From Hyalure

Erelle CMC from Hyalure. The name you need on your radar. This next-generation dermal filler represents significant advancement in aesthetic medicine, combining the volumising quality of dermal fillers with anti-ageing properties… for long-lasting, natural-looking, multi-faceted results never attainable before.

And it only gets more exciting…

Not only is Erelle CMC the first dermal filler with anti-ageing properties… but it’s also safer for the patient, is able to create more volume than traditional HA dermal filler, can be placed closer to the bone to create projection like never before AND it promises to never migrate… but can be safely dissolved, should you wish to go down that route in the future. Sign us UP!

It’s the perfect multi-tasker – particularly well suited for more mature skin types who would benefit from the additional lift and volume the product can achieve, with its next-generation anti-ageing properties. 

Hyalure: Innovating, Elevating & Refining The Landscape Of Cosmetic Injectables

Erelle CMC (Carboxymethylcellulose) is a state-of-the-art dermal filler designed to restore volume, smooth fine lines and enhance facial contours. Unlike traditional hyaluronic acid fillers, Erelle CMC utilises a unique, world-first carboxymethylcellulose-based formula that provides superior durability and enhanced biocompatibility, ensuring safe and natural results that last up to 18 months. 

The first and only pure CMC cross-linked in the world

Key benefits of Erelle CMC include:

Long-lasting results: Erelle CMC has staying power – it can last significantly longer than traditional fillers, reducing the need for frequent touch-ups Natural-looking: With its smooth, malleable texture, Erelle CMC integrates seamlessly with the skin for subtle, natural facial rejuvenation Safe and biocompatible: Made with non-animal and non-bacterial derived ingredients, Erelle CMC is hypoallergenic and biocompatible, making it suitable for a wide range of patients. Cross-linked sodium carboxymethylcellulose plant without added synthetic substances.

Cost effective:

Long-lasting results that won’t migrate, making Erelle CMC a practical and cost-effective solution in the long term. Erelle Volume does not migrate from the implant site and is slowly reabsorbed over time Integrated Lidocaine: In addition, Erelle CMC’s formula has the added benefit of lidocaine, making your injectable treatment virtually pain-free Protein-free: Erelle CMC sets itself apart from other hyaluronic acid dermal filler by being proudly free of bacterial endotoxin residues and proteins. This minimises the risk of local tissue reactions and post-injection immunogenic effects Innovating in Aesthetic Medicine.

With the launch of Erelle CMC, Hyalure continues to push the boundaries of innovation in dermal fillers, offering products that not only address common signs of ageing but which do so in a way that enhances the body’s natural beauty. Erelle CMC is ideal for clients looking for a premium, multi-faceted solution to volume loss, fine lines and sagging skin – particularly in areas like the cheeks, jawline and nasolabial folds.

“Hyalure’s goal has always been to provide the most advanced and effective solutions for anti-ageing and volume loss,” reveals Matteo Belamhawal, founder of Hyalure, “And Erelle CMC is the result of years of research and development. This filler is a world-first – a real game-changer for both clients and practitioners, offering exceptional longevity, natural results and the highest safety standards.”

Learn more about Hyalure: https://hyalure.com/en/

Cosmetic PR Lucy Hilson

https://cosmeticpr.com/ 

info@cosmeticpr.com

London

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Press Release

SOILEUM’s $100M Presale Begins as Polygon and Cardano Surge Amid Tightening Crypto Regulations

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As the cryptocurrency market continues to evolve, Soileum Network is gearing up for its highly anticipated $100 million presale. This significant event coincides with Polygon’s remarkable growth, a surge in Cardano’s smart contract development, and tightening crypto regulations across the globe. These dynamic trends highlight both the opportunities and challenges facing the blockchain industry today.

Soileum’s $100M Presale: Unlocking New Investment Potential

Soileum Network is set to launch its $100 million presale, offering a unique investment opportunity for those interested in the future of decentralized identity management. The presale will allow early participants to acquire SOIL coins at a potentially advantageous rate, paving the way for involvement in a project that emphasizes user privacy and control over personal data.

By leveraging its Secure Open Identity Layer (SOIL) technology, Soileum aims to create a more secure and efficient ecosystem for managing digital identities. This presale is an essential step in establishing Soileum as a leader in the blockchain space, attracting both individual investors and institutions eager to explore its innovative solutions.

For more details on how to participate, visit the Soileum website.

Polygon Reaches New Milestones

Amidst this presale excitement, Polygon has been making headlines for its impressive growth and adoption rates. As a layer-2 scaling solution for Ethereum, Polygon has successfully reduced transaction fees and improved speeds, making it a favored platform for DeFi projects and NFT creators.

Recent reports indicate that Polygon’s user base and total value locked (TVL) have surged, reflecting the growing demand for scalable blockchain solutions. As more projects migrate to or launch on Polygon, it solidifies its position as a significant player in the DeFi and NFT ecosystems. The success of Polygon serves as a testament to the increasing importance of scalability in blockchain technology.

Cardano’s Smart Contract Development Accelerates

Meanwhile, Cardano is experiencing a notable surge in its smart contract capabilities. Following its Alonzo upgrade, Cardano has seen significant growth in the number of projects utilizing its platform for decentralized applications (dApps) and smart contracts. This growth has attracted a wave of developers and projects eager to capitalize on Cardano’s robust ecosystem.

With increased interest in Cardano’s smart contracts, the network is positioning itself as a serious competitor to other established platforms like Ethereum. This evolution is likely to drive further innovation and development within the Cardano ecosystem, creating new opportunities for investors and users alike.

Global Crypto Regulations Tighten

As these projects flourish, the broader cryptocurrency landscape faces increasing regulatory scrutiny. Governments around the world are tightening regulations in response to concerns about fraud, money laundering, and investor protection. The SEC and other regulatory bodies are implementing measures that impact exchanges, token offerings, and blockchain projects.

For investors and projects like Soileum, this evolving regulatory environment presents both challenges and opportunities. Adhering to compliance standards is crucial for gaining trust and maintaining legitimacy in the eyes of regulators. As the industry adapts to these changes, transparent and compliant practices will be key to long-term success.

Conclusion

As Soileum prepares for its $100 million presale, the cryptocurrency market is witnessing significant developments, including Polygon’s impressive growth and Cardano’s smart contract advancements. However, the tightening of global crypto regulations serves as a critical reminder of the complexities that investors and projects face in this evolving landscape.

For ongoing updates and more information regarding the presale, check out the Soileum website. The intersection of these trends presents a dynamic environment, and as the presale date approaches, all eyes will be on Soileum Network to see how it leverages current opportunities while navigating the challenges ahead.

Company Name: Soileum Network

Contact Person: Badrinath M

Contact Email: team@soileum.com

City: Bangalore 

State: India

Website link: https://soileum.com 

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