Axalta Coating Systems Ltd. (NYSE: AXTA) Investor Investigation Over Possible Violations Of Securities Laws

Investors who purchased shares of Axalta Coating Systems Ltd. (NYSE: AXTA), have certain options and should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Axalta Coating Systems
Affected Securities: 

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

Philadelphia, PA based Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. Axalta Coating Systems Ltd. reported that its annual Total Revenue rose from $4.09 billion in 2016 to $4.37 billion in 2017 and that its Net Income increased from $44.60 million in 2016 to $47.7 million in 2017.

On October 8, 2018, Axalta announced that its Chief Executive Officer Terrence Hahn had resigned after an internal investigation conducted by outside counsel found that Hahn's conduct was inconsistent with the Company's policies.

Shares of Axalta Coating Systems Ltd. (NYSE: AXTA) declined to as low as $25.27 per share on October 12, 2018.