Investors with a loss of $100,000 or more are encouraged to contact
BENSALEM, Pa.–(BUSINESS WIRE)–$ADNT #classaction–Law Offices of Howard G. Smith announces an investigation on behalf of
Adient plc (“Adient” or the “Company”) (NYSE: ADNT)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
On January 17, 2018, the Company revealed that its near-term results are
being significantly impacted by the Company’s capital-intensive seat
structures and mechanisms (“SS&M”) business. On this news, shares of
Adient dropped 10%. Then on January 29, 2018, Adient announced poor
financial results for the first quarter of 2018, attributing the
inadequate results to problems in SS&M. On this news, shares of Adient
fell $5.53, nearly 7.6%, to close at $66.77.
On May 3, 2018, Adient revealed a $279 million net impairment charge
related to the SS&M business and confessed that “the 200 basis points of
margin expansion . . . is no longer going to be achievable.” On this
news, Adient stock dropped 9.9%, to close at $55.84.
Finally, on June 11, 2018, Adient announced the resignation of its CEO
and reduced its earnings guidance. On this news, shares of Adient fell
$8.88, or 15.6%, to close at $48.10, thereby injuring investors.
If you purchased Adient securities, have information or would like to
learn more about these claims, or 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 firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
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jurisdictions under the applicable law and ethical rules.