Adient plc (NYSE: ADNT)
Hagens Berman Sobol Shapiro LLP alerts investors in Adient plc (NYSE: ADNT) to the firm's investigation into possible securities law violations.
If you purchased or otherwise acquired securities of ADNT between November 1, 2017 and June 11, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing ADNT@hbsslaw.com.
On June 11, 2018, Adient announced that, effective immediately, its Chairman and Chief Executive Officer (R. Bruce McDonald) resigned from the Board and will no longer serve as Chief Executive Officer or as an executive officer of the Company.
This news drove the price of Adient shares down $8.88, or over 15%, to close at $48.10 that day.
“We’re focused on investors’ losses and possible disclosure violations related to management turnover and a certain core business of the Company,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding ADNT should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email ADNT@hbsslaw.com.
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