Recent Security Class Actions

Sealed Air Corporation Common Stock (NYSE: SEE)

Company Name:Sealed Air Corporation Common Stock
Stock Symbol:NYSE: SEE
Class Period Start:11/17/2014
Class Period End (inclusive):06/20/2019

According to the Complaint, Sealed Air Corporation is a manufacturer of packing materials based in Charlotte,
North Carolina.

The Complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding Sealed Air's business, operations, and financial condition. Specifically, the Complaint alleges Defendants failed to disclose that Sealed Air's deduction of $1.49 billion in connection with a settlement of asbestos liabilities was indefensible and done for the improper purpose of artificially inflating Sealed Air's financial results; that Sealed Air had switched auditors pursuant to a conflicted and improper process and in order to help facilitate Defendants' efforts to engage in accounting fraud; and that Sealed Air had artificially inflated its earnings, cash flows, and operating income during the Class Period.