Sensient Technologies Corp
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Materials : Chemicals | Small Cap Blend
Company profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals. The Company's three segments include the Flavors & Fragrances Group and the Color Group, which are managed on a product-and-services basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company's principal products include flavors, flavor enhancers and bionutrients; fragrances, aroma chemicals and essential oils; natural ingredients, including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic colors and ingredients and pharmaceutical excipients and ingredients, and technical colors, specialty inks and colors, and specialty dyes and pigments.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$71.72
Day's Change
-0.88 (-1.21%)
Bid
--
Ask
--
B/A Size
--
Day's High
72.81
Day's Low
71.57
Volume
(Average)
Volume:
303,836

10-day average volume:
289,832
303,836

STAAR Surgical Company: Last Days to Participate Actively in the Class Action Lawsuit

3:37 pm ET October 16, 2020 (Globe Newswire) Print

Investors with a $100,000 or more in losses are encouraged to contact the firm before October 19, 2020; click here to submit trade information

The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of STAAR Surgical Company (NASDAQ: STAA) investors that acquired shares between February 26, 2020 and August 10, 2020. Investors have until October 19, 2020 to seek an active role in this litigation.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

The investment analyst J Capital issued a report on August 11, 2020 on STAAR entitled "STAAR Surgical, Less Than Meets the Eye." It was alleged in the The J Capital report that the company overstated its sales in China by at least one third (or $21.6 mln), "meaning all of the company's $14 mln in 2019 profit is fake." The J Capital report - which was based on over 75 interviews with former employees, and extensive review of public documents, and site visits to China and Switzerland - concludes STAAR reports fake sales revenues by overstating sales and then marking up actual marketing costs to hide "phantom" revenue. The report found, in particular, that Aier Eye Hospital's financial statements indicate that it bought only about half as many lenses as STAAR reports.

On August 11, 2020, STAAR's stock price fell $3.17 per share, or 6%, on this news, to close at $48.25 per share, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 19, 2020.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.

Admitted CA and NY Bar

lesley@portnoylaw.com

310-692-8883

www.portnoylaw.com

Attorney Advertising

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