CURRENT SHAREHOLDERS: Zamansky LLC Investigates Sealed Air Corporation (NYSE: SEE) for Potential Breaches of Fiduciary Duties
04 January 2020 - 8:33AM
Business Wire
Zamansky LLC announces that it is investigating Sealed Air
Corporation (SEE) (“Sealed Air” or the “Company”) for potential
breaches of fiduciary duties by Seale Air’s senior officers and
board of directors. If you are a shareholder of Sealed Air who
still holds your shares, and have held since November 2014, please
contact our firm for information.
Sealed Air has recently been accused of engaging in a pattern of
alleged accounting fraud, dating back to November 2014. After
engaging in this alleged fraud for a number of years, the Company
was compelled to report in an August 2018 10-Q statement that it
had received a subpoena from the SEC requesting documents and
information concerning the Company’s accounting for certain
matters. Then, in June 2019, Sealed Air issued a press release
announcing that it had terminated its CFO “for cause” following the
receipt of a second SEC subpoena, which related to the process by
which Sealed Air had selected its “independent” auditor. In August
2019, Sealed Air filed another 10-Q report, revealing that the
investigation into the Company by governmental authorities had
expanded into a criminal inquiry and now included an investigation
of the circumstances surrounding the termination of its CFO. The
Company subsequently announced that it had replaced its auditor, in
light of recent developments.
According to Jake Zamansky, investment fraud attorney, Sealed
Air’s officers and directors owe the Company and its shareholders
fiduciary duties. “The recent announcements regarding an SEC
investigation and other related issues raise potential concern for
investors,” Zamansky says. “Our law firm is investigating whether
the officers and directors have breached their duties to Sealed Air
and its shareholders.”
What Sealed Air Shareholders Can Do
If you are a current shareholder of Sealed Air who still holds
your stock, please contact us to review or discuss your legal
rights. You may, without obligation or cost to you, email
jake@zamansky.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with
experience handling securities, hedge fund, ERISA and other
shareholder class action and derivative litigation. We are
investment fraud attorneys who represent both individual and
institutional investors. Our practice is nationally recognized for
our ability to aggressively prosecute cases and recover investment
losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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Zamansky LLC 50 Broadway - 32nd Floor New York, NY 10004 Jake
Zamansky, 212-742-1414 jake@zamansky.com
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