July 25, 2019 - The court preliminarily approved the settlement.

June 1, 2019 - A stipulation and agreement of settlement was entered by the parties.

December 21, 2018 - The court denied the defendants' motion to dismiss.

October 5, 2018 - A motion to dismiss the amended complaint was filed.

September 21, 2018 - An amended complaint was filed.

May 20, 2018 - An investor in shares of PPG Industries, Inc. (NYSE: PPG) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by PPG Industries, Inc. in connection with certain allegedly false and misleading statements made between April 24, 2017 and May 10, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of PPG Industries, Inc. (NYSE: PPG) common shares between April 24, 2017 and May 10, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between April 24, 2017 and May 10, 2018, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) PPG’s consolidated financial statements for the year ended December 31, 2017 and the quarterly financial statements of 2017 contained improper accounting entries and could no longer be relied upon; (2) PPG failed to maintain adequate internal controls; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. Pittsburgh, PA based PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States and internationally.

PPG Industries, Inc. reported that its annual Total Revenue rose from $14.27 billion in 2016 to $14.75 billion in 2017 and that its Net Income increased from $877 million in 2016 to over $1.59 billion in 2017.

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.

Shares of PPG Industries, Inc. (NYSE: PPG) grew from $90.48 per share in October 2017 to as high as$121.50 per share in January 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.