NEW YORK, NY / ACCESS Newswire / February 22, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Olin Corporation ("Olin Corporation") (NYSE:OLN) concerning possible violations of federal securities laws.
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. To obtain additional information, go to:
https://zlk.com/pslra-1/olin-corporation-lawsuit-submission-form?prid=131473&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on ACCESS Newswire
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