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The filed complaint alleges that Olin Corporation made materially false and/or misleading statements and/or failed to disclose that: Olin issued a press on January 30, 2025, reporting its financial results for the fourth quarter of 2024. Olin also issued guidance for the first quarter of 2025, including adjusted EBITDA of $150 million to $170 million, falling well short of the $227.1 million analyst consensus estimate. Olin cited "challenging industry conditions" "as commercial customers continue to work down elevated inventories along with softer consumer demand," global epoxy demand remains weak, and its U.S. and European epoxy business "remains significantly challenged by subsidized Asian competition." Following this news, Olin's stock price fell over 8% on January 31, 2025.
In order to be eligible to join the OLN class action lawsuit, you must have incurred a loss on shares of Olin Corporation purchased during the class period listed above.
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