Trinseo PLC Class Action Lawsuit - TLE

12 days left to seek lead plaintiff status

Case Summary

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The Trinseo class action lawsuit seeks to represent purchasers or acquirers of Trinseo PLC (NYSE: TLE) publicly traded securities between May 3, 2021 and March 27, 2023, inclusive (the “Class Period”).  Captioned Helfrich v. Trinseo PLC., No. 23-cv-01525 (E.D. Pa.), the Trinseo class action lawsuit charges Trinseo and certain of its top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Trinseo class action lawsuit, please provide your information in the form on this page.  You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.  Lead plaintiff motions for the Trinseo class action lawsuit must be filed with the court no later than June 20, 2023.

CASE ALLEGATIONS: Trinseo purports to be a specialty material solutions provider.  In May 2021, Trinseo acquired Arkema S.A., including Arkema S.A.’s manufacturing facility in Bristol, Pennsylvania.

The Trinseo class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Trinseo’s Bristol, Pennsylvania plant had a troubled safety record while under prior ownership and continued to be unsafe after Trinseo acquired it; (ii) Trinseo did not sufficiently disclose specific risks related to conducting operations at that plant; and (iii) operating a chemical plant with an unsafe history and presently unsafe operations exposed Trinseo to a heightened risk of a chemical spill or other adverse event.

On March 26, 2023, Trinseo reported that “Altuglas LLC is working with local, state and federal agencies to clean up the release of a latex emulsion product from its manufacturing facility in Bristol, PA. . . .  Some of the material overflowed the on-site containment system and entered a storm drain, where it flowed to Otter Creek and then to the Delaware River.”

Then, on March 27, 2023, The Philadelphia Inquirer reported that the Bristol, Pennsylvania plant has a history prior spills, including a 2010 release of 1,760 pounds of methyl methacrylate and a 2014 release of 300 gallons of ethyl acrylate.  On this news, Trinseo’s stock price declined more than 5%, damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Trinseo publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Trinseo class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Trinseo class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Trinseo class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Trinseo class action lawsuit.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases.  The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list.  And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm.  With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.

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