Robbins Arroyo LLP: Venator Materials PLC (VNTR) Sued for Misleading Shareholders

Shareholder rights law firm Robbins
Arroyo LLP announces that purchasers of Venator Materials PLC (NYSE:
VNTR) filed a class action complaint against the company for alleged
violations of the Securities Act of 1933 pursuant to the company's
August 4, 2017 initial public offering ("IPO") and its December 1, 2017
secondary offering ("SPO"). Venator manufactures and markets chemical
products worldwide.

View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/venator-materials/

Venator Accused of Downplaying Impact of Devastating Fire at Its
Facility

According to the complaint, in January 2017, a fire ravaged one of
Venator's most important plants for manufacturing titanium dioxide in
Pori, Finland. Unbeknownst to investors, Venator's registration
statements filed in connection with its August 2017 IPO and its December
2017 SPO failed to disclose the true extent of the fire damage to the
company's facility and the cost to rehabilitate it. The Pori facility
was virtually beyond repair, and any attempt to restore it would cost
over $1 billion—hundreds of millions of dollars beyond the
limits of the company's insurance policy applicable to the disaster.
Further, Venator had lost 80% of production capacity and 15% of the
company's total nameplate capacity as a result of the fire. By December
17, 2018, Venator's share price had plummeted to only $3.65 per share –
81% below Venator's share price in the IPO and 83% below its SPO price.

Venator Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leo Kandinov at (800)
350-6003, [email protected],
or via the shareholder
information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190214005988/en/