LOS ANGELES, CA / ACCESSWIRE / May 15, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of PPG Industries, Inc. ("PPG" or the "Company") (NYSE: PPG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. After market close on May 10, 2018, PPG informed the marketplace that its Audit Committee had uncovered improper accounting entries that were undertaken by employees based on the direction of the Company's former Vice President and Controller. The Controller was terminated as of May 10, 2018. PPG also stated that its 2017 financial statements should not be relied upon and that the Company would be unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, in a timely manner. Based on this news, shares of PPG fell considerably during intraday trading on May 11, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
Schallfirm.com
SOURCE: The Schall Law Firm
