|Ticker Symbol:||NYSE: CK|
|Class Period:||October 26, 1998 and October 8, 2002|
|Court:||Northern District, CA|
|Lead Plaintiff Deadline:||Sep-16-03|
The complaint charges Crompton and certain of its officers and directors with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. Crompton manufactures and markets a wide variety of polymer and specialty products.
The complaint alleges that during the Class Period, defendants caused Crompton's shares to trade at artificially inflated levels through the issuance of false and misleading financial statements by:
(a) agreeing to charge prices at certain levels and otherwise to fix, increase, maintain or stabilize prices of rubber chemicals sold in the United States;
(b) selling rubber chemicals at the agreed upon prices; and
(c) inflating their profits via the above acts.
As a result, the Company's shares traded at inflated prices enabling the Company to refinance its debt and consummate a major acquisition using its inflated securities as currency.
If you acquired the securities of Crompton Corporation during the Class Period you may, no later than September 16, 2003, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.