Adient plc (NYSE: ADNT) Investor Investigation Over Potential Securities Laws Violations Announced

Investors who purchased shares of Adient plc (NYSE: ADNT), have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Adient
Affected Securities: 
NYSE: ADNT

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

Adient plc reported that its Total Revenue declined from $16.79 billion for the 12 months period that ended on September 30, 2016 to $16.21 billion for the 12 months period that ended on September 30, 2017 and that its Net Loss of $1.54 billion turned into a Net Income of $877 million over those respective time periods.

On June 11, 2018, Adient announced that Chief Executive Officer R. Bruce McDonald is stepping down, and the company slashed its profit forecast for the year. Following this news, shares of Adient plunged more than 17% in early market trading. Shares of Adient plc (NYSE: ADNT) declined from $85.92 per share in October 2017 to as low as $47.03 per share on June 11, 2018.