NEW YORK, Feb. 04, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in WestRock Company (“WestRock” or the “Company”) WRK. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation concerns whether WestRock and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On February 1, 2023, WestRock reported its financial and operating results for the first quarter. Among other things, WestRock reported earnings per share that missed analysts’ expectations by $0.05 and an unexpected year-over-year revenue decline that fell $210 million short of consensus estimates. WestRock attributed the disappointing results to “elevated inflation and softening macroeconomic conditions.” [which] negatively influenced [the Company’s] Global paper business.”
As a result of this news, WestRock’s share price fell $4.97 per share, or 12.67%, to close at $34.27 per share on February 1, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com
CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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