RPM International Inc. (NYSE:RPM) Investor Investigation Concerning Potential Securities Laws Violations Announced

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Company Name(s): 
RPM International
Affected Securities: 

September 16, 2016 (Shareholders Foundation) - An investigation on behalf of investors of RPM International Inc. (NYSE:RPM) shares over potential securities laws violations by RPM International Inc. (NYSE:RPM and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of RPM International Inc. (NYSE:RPM) concerning whether a series of statements by RPM International Inc. (NYSE:RPM regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

RPM International Inc. reported that its Total Revenue rose from over $4.59 billion for the 12 months period that ended on May 31, 2015 to over $4.81 billion for the 12 months period that ended on May 31, 2016.

Shares of RPM International Inc. (NYSE:RPM) grew from $37.38 per share in February 2016 to as high as $55.92 per share on September 7, 2016.

On September 9, 2016, the U.S. Securities Exchange Commission (“SEC”) accused RPM International Inc and its general counsel, Edward Moore, of failing to disclose a material loss contingency or record an accrual for a government investigation. The SEC alleges that from 2011 through 2013, RPM was under investigation by the U.S. Dept. of Justice, but RPM International Inc failed to disclose this investigation to its auditors or the investing public.

Shares of RPM International Inc (NYSE:RPM) declined on September 14, 2016 to as low as $50.98 per share.

On September 16, 2016, NYSE:RPM shares closed at $51.68 per share.