An investigation on behalf of investors of Sealed Air Corporation (NYSE: SEE) shares over potential securities laws violations by Sealed Air 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 Sealed Air Corporation (NYSE: SEE) concerning whether a series of statements by Sealed Air Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Charlotte, NC based Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. Sealed Air Corporation reported that its annual Total Revenue rose from over $4.21 billion in 2016 to over $4.46 billion in 2017 and that its net Income increased from $486.40 million in 2016 to $814.9 million in 2017.

On August 6, 2018, during aftermarket hours, Sealed Air Corporation (NYSE: SEE) disclosed that it had received a subpoena for documents from the U.S. Securities and Exchange Commission, including requests concerning the companys accounting for income taxes, financial reporting and disclosures and other matters.

Shares of Sealed Air Corporation (NYSE: SEE) declined to as low as $39.53 per share on August 10, 2018.