NEW YORK, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Tenneco Inc. (“Tenneco” or the “Company”) (NYSE: TEN). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether Tenneco and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 2, 2020, Tenneco issued a press release announcing its financial and operating results for the third quarter of 2020. Among other results, Tenneco reported a net loss of $499 million, or $6.12 per diluted share, which included a non-tax valuation allowance charge of $523 million.
On this news, Tenneco’s stock price fell $1.24 per share, or 14.39%, to close at $7.38 per share on November 2, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980