SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chemical & Mining Co. of Chile Inc. - SQM
NEW YORK, March 18, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Chemical & Mining Co. of Chile Inc. ("Chemical & Mining Co." or the "Company") (NYSE: SQM). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Chemical & Mining Co. and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 18, 2015 a report by Reuters stated that "Chilean fertilizer group SQM said the three representatives on its board from Canadian stakeholder Potash Corp resigned on Tuesday evening in the midst of a campaign financing scandal that has shaken the Chilean establishment.
SQM Vice Chairman Wayne Brownlee, who is also chief financial officer of Potash Corp, and directors Jose Maria Eyzaguirre and Alejandro Montero stepped down from the board, SQM said in a statement on Wednesday, without giving reasons."
On this news, shares of Chemical & Mining Co. fell $4.09 per share to $18.1, or more than 18.51%, on March 18, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
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