Energy News / Shareholders Foundation, Inc.

NYSE:PPG Shareholder Notice: Investigation over Possible Securities Laws Violations by PPG Industries, Inc

Via: ReleaseWire

Updated 11:45 AM CDT, Mon, May 21,2018

An investigation for investors in PPG Industries, Inc. (NYSE: PPG) shares over potential securities laws violations by PPG Industries, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 05/21/2018 -- An investigation was announced over possible violations of securities laws by PPG Industries, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of PPG Industries, Inc. (NYSE: PPG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by PPG Industries, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 10, 2018, post-market, PPG disclosed that the Company's Audit Committee had found evidence that improper accounting entries were made by certain employees at the direction of its former vice president and controller. PPG's former vice president was placed on administrative leave on April 25, 2018 and terminated effective May 10, 2018, while two employees who acted under the former vice president's direction have been reassigned to different roles. Concurrently, PPG advised investors that its financial statements for the year 2017 should not be relied upon and that the Company will be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.

On May 10, 2018, post-market, PPG Industries, Inc. disclosed that the Company's Audit Committee had found evidence that improper accounting entries were made by certain employees at the direction of its former vice president and controller. PPG Industries' former vice president was placed on administrative leave on April 25, 2018 and terminated effective May 10, 2018, while two employees who acted under the former vice president's direction have been reassigned to different roles. Concurrently, PPG Industries, Inc. advised investors that its financial statements for the year 2017 should not be relied upon and that the Company will be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.

Shares of PPG Industries, Inc. (NYSE: PPG) declined to $100.43 per share on May 11, 2018.

Those who purchased shares of PPG Industries, Inc. (NYSE: PPG) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseppg-shareholder-notice-investigation-over-possible-securities-laws-violations-by-ppg-industries-inc-980687.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com