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TSE.US
id: 673

Trinseo PLC (TSE) Misconduct Case

The plaintiff has voluntarily dismissed the case, ending the lawsuit.
E.D. Pennsylvania
Court
23-CV-01525
Case number
05/03/2021
Class period Start
03/27/2023
Class period End
06/19/2023
Lead Plaintiff motion deadline

Trinseo (TSE) stock price dropped following a spill from the Company’s manufacturing facility in Pennsylvania.

The spill was caused by an equipment failure, the company said. An estimated 8,100 gallons of latex emulsion product overflowed an on-site containment system in Bristol and entered a storm drain.

Taking all facts into account, Investors have reasons to suspect Trinseo and its Leaders of misleading and negligence which led to investment losses. Among other things:

  • the Company’s Bristol, Pennsylvania plant had a troubled safety record while under prior ownership and continued to be unsafe after the Company acquired it;

  • the Company did not sufficiently disclose specific risks related to conducting operations at that plant;

  • Operating a chemical plant with an unsafe history and presently unsafe operations exposed the Company to a heightened risk of a chemical spill or other adverse events;

As a result, the statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market investors suffered damages.

Case Status
Voluntary Dismissed
Alleged Offence
Mismanagement, 
Misleading Statements, 
Failure to Disclose, 
Negligence, 
Breach of Fiduciary duty, 
Omissions
Suspected Party
Directors, 
Management, 
Government Authority, 
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03/27/2023
Filing date
04/19/2023
Lead Plaintiff Deadline
06/19/2023