Celanese Corporation (CE) Investigation

Hagens Berman’s investigation is focused on the propriety of Celanese’s disclosures to investors concerning its sales practices, inventory reporting, and growth trajectory, particularly at the Engineered Materials segment.

Investors began to scrutinize Celanese beginning on November 4, 2024, when the company reported dismal Q3 2024 financial results that included a whopping 54% decline in net cash provided by operations for the nine months ended September 30, 2024 compared to the same 2023 period, blaming the results in part on “inventory increases,” and “the timing of collections of trade receivables[.]” The company also identified customer inventory destocking as a significant problem, but assured investors that “we expect this destocking to be temporary and contained to the quarter[.]” This news drove the price of Celanese shares crashing 26% lower the next day.

Then, on February 18, 2025, Celanese reported disappointing Q4 and FY 2024 financial results, pinning the blame, in part, on “severe destocking.” Not surprisingly, the price of Celanese shares collapsed the next day.

Subsequently, on May 5, 2025, Celanese issued another frustrating quarterly release, Q1 2025 earnings, blaming “significant automotive destocking in the Western Hemisphere that began in the second half of 2024 continued through the first two months of the quarter[.]”

Finally, on August 11, 2025, Celanese reported yet another challenging quarterly report. The company said, with respect to Engineered Materials, that due to easing of destocking in Europe volumes were still below normal levels. This news drove the price of Celanese shares sharply lower again.

FREQUENTLY ASKED QUESTIONS ABOUT THE CASE

What is the CE investigation about?

We are investigating whether Celanese may have misled investors about possibly overloading its customers with excess inventory.

WHAT SHOULD I DO?

I worked at CE. What should I do?

If you were an employee of CE, you may have valuable information that could be relevant to the investigation. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower 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, contact Reed Kathrein at 844-916-0895 or [email protected].

There are multiple law firms participating, do I need to contact all of them?

No, you do not need to contact all participating law firms. Generally, class-action investigations and lawsuits are consolidated into a single case to streamline the legal process, and attorneys from only a few law firms are selected to serve in a leadership role on the consolidated case. Hagens Berman has a proven track record of being appointed to leadership roles in complex, multidistrict litigation regarding investor fraud and other consumer rights issues, and your claim will be handled by attorneys who have helped secure approximately $325 billion in class-action settlements on behalf of individuals who have suffered due to corporate malfeasance and the wrongdoing of other powerful institutions.

AM I ELIGIBLE?

What is the threshold amount to be eligible? What are “substantial” losses?

The threshold amount and the definition of "substantial" losses may vary depending on a number of factors specific to the case, including the size of the company, market cap, shares outstanding and who holds them and the damages alleged by the fraud. In general, to be eligible to participate in a class-action lawsuit, you must be able to demonstrate that you suffered financial losses as a result of the alleged wrongdoing and that your losses meet the criteria set by the court or law firm. Fill out the form and submit your losses.

CAN I PARTICIPATE?

Am I affected? What do I need to do to participate?

If you were an investor in CE, you may be affected and eligible to participate in the case. To determine your eligibility and potential involvement, fill out the form and submit your losses.

Can any CE investor participate?

In most class-action investigations and cases, any investor who meets the eligibility criteria, including purchasing the shares during the relevant period, can participate, regardless of the size of their investment. Fill out the form to find out your rights.

I bought on a non-U.S. Exchange. Can I participate?

No. This investigation only covers shares bought on a U.S. exchange, i.e. NASDAQ or NYSE. Fill out the form to find out your rights.

Am I included if I still hold my shares, or do I need to sell to participate?

Participation is based on purchasing shares during the relevant period, rather than your current holdings. Accordingly, you do not need to sell to participate. Fill out the form to find out your rights.