The Law Offices of Howard G. Smith Reminds Investors of July 19th Deadline in the Class Action Lawsuit Against PPG Industries, Inc. (PPG)

Law Offices of Howard G. Smith reminds investors of the July 19,
2018 deadline to file a lead plaintiff motion in the class action
filed on behalf of investors that purchased PPG Industries, Inc. (“PPG”
or the “Company”) (NYSE: PPG)
securities between April 24, 2017 and May 10, 2018, inclusive
(the “Class Period”). PPG investors have until July 19, 2018 to
file a lead plaintiff motion.

Investors suffering losses on their PPG investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to

On May 10, 2018, after the market closed, PPG disclosed that it would be
unable to file its quarterly report for the quarter ended March 31, 2018
on time. The Company further disclosed that, during an internal
investigation into the Company’s accounting, it identified approximately
$1.4 million in expenses that should have been accrued in the first
quarter of 2018, and suspected there may have been $5 million in
expenses that it improperly accrued in the first quarter.

On this news, PPG’s share price fell $5.68 per share, or more than 5%,
to close at $100.43 per share on May 11, 2018, thereby injuring

The complaint filed in this class action alleges that the Company made
false and misleading statements to the marketplace. It alleges that the
Company’s consolidated financial statements for the year ending December
31, 2017, and the quarterly statements of 2017 all contained improper
accounting entries and could not be relied upon by the investing public.
PPG also failed to sustain appropriate internal controls. As a result,
the Company’s financial statements were materially false and misleading
throughout the class period and did not accurately reflect the results
of business operations and the financial health of PPG.

If you purchased shares of PPG during the Class Period you may move the
Court no later than July 19, 2018 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

View source version on

Leave a Comment