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ALB.US
id: 1029

Albemarle Corporation (ALB) SEC Investigation Settlement Case

  • On August 3, 2023, Albemarle (ALB) announced payment to settle SEC investigation into Company’s FCPA violations.
  • On it, $ALB fell 1.74%, losing $415M+ of shareholder value.
  • Investors may have grounds to suspect Albemarle of unlawful activities, which led to their losses.
On August 3, 2023, Albemarle announced it was paying $218.5 million to settle an investigation by the U.S. SEC into potential violations of the Foreign Corrupt Practices Act by Albemarle.

On this news, $ALB fell 1.74% and lost over $415 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Albemarle failed to timely disclose its unlawful actions, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 August 2023
Collecting participants…

Albemarle Corp

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage se...

    Ticker
    ALB.US
    ISIN
    US0126531013
    CIK
    915913
    Sector
    Basic Materials
    Industry
    Specialty Chemicals
    Country
    USA
    Address
    4250 Congress Street, Charlotte, NC, United States, 28209