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NYSE: SEE Investor Notice: Update in Lawsuit against Sealed Air Corporation announced by Shareholders Foundation

SAN DIEGO, April 06, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Merit Sealed Air Corporation (NYSE: SEE) shares.

Investors, who purchased shares of Sealed Air Corporation (NYSE: SEE), have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants made false and misleading statements and/or failed to disclose adverse information regarding Sealed Air’s business, operations, and financial condition. Specifically, defendants failed to disclose that Sealed Air’s deduction of $1.49 billion in connection with a settlement of asbestos liabilities was indefensible and done for the improper purpose of artificially inflating Sealed Air’s financial results; that Sealed Air had switched auditors pursuant to a conflicted and improper process and in order to help facilitate defendants’ efforts to engage in accounting fraud; and that Sealed Air had artificially inflated its earnings, cash flows, and operating income between November 5, 2014 and August 6, 2018.

On March 19, 2020, the court issued an order with a modified schedule for further proceedings in the case. The court set certain deadlines, such as for the plaintiffs to file an amended complaint and for the defendants to respond to such complaint.

Those who purchased Sealed Air Corporation (NYSE: SEE) shares should contact the Shareholders Foundation, Inc.

Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon. 

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