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TSE.US
id: 673

Trinseo PLC (TSE) Misconduct Case

E.D. Pennsylvania
Court
03 May 2021
Class period Start
27 Mar 2023
Class period End
19 Jun 2023
Lead Plaintiff motion deadline
Trinseo (TSE) stock price dropped following a spill from the Company’s manufacturing facility in Pennsylvania.

The spill was caused by an equipment failure, the company said. An estimated 8,100 gallons of latex emulsion product overflowed an on-site containment system in Bristol and entered a storm drain.

Taking all facts into account, Investors have reasons to suspect Trinseo and its Leaders of misleading and negligence which led to investment losses. Among other things:
  • the Company’s Bristol, Pennsylvania plant had a troubled safety record while under prior ownership and continued to be unsafe after the Company acquired it;
  • the Company did not sufficiently disclose specific risks related to conducting operations at that plant;
  • Operating a chemical plant with an unsafe history and presently unsafe operations exposed the Company to a heightened risk of a chemical spill or other adverse events;
As a result, the statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market investors suffered damages.
Alleged Offence
Mismanagement
Misleading Statements
Failure to Disclose
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Government Authority
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
27 March 2023
Filing date
19 April 2023
Lead Plaintiff Deadline
19 June 2023
Collecting participants…

Trinseo SA

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex B...

    Ticker
    TSE.US
    ISIN
    IE0000QBK8U7
    CIK
    1519061
    Sector
    Basic Materials
    Industry
    Specialty Chemicals
    Country
    USA
    Address
    440 East Swedesford Road, Wayne, PA, United States, 19087