Investigation Overview
An investigation on behalf of investors of Huntsman Corporation (NYSE: HUN) shares over potential securities laws violations by Huntsman and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Huntsman Corporation (NYSE: HUN) concerning whether a series of statements by Huntsman regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
The Woodlands, TX based Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. Huntsman Corporation reported that its annual Total Revenue rose from over $751 billion in 2016 to over $8.35 billion in 2017 and that its Net Income in creased from $326 million in 2016 to $636 million in 2017.
Shares of Huntsman Corporation (NYSE: HUN) grew from $7.46 per share in early 2016 to as high as $$36.09 per share in early 2018.