Oklahoma City, OK (March 2, 2018) – On February 26, 2018, a securities class action lawsuit was filed in the United States District Court for the Southern District of Texas against Kraton Corporation (NYSE: KRA). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is October 25, 2017 through February 21, 2018. More specifically, this litigation was filed because defendants made materially false and misleading statements and/or failed to disclose that: (1) Kraton was transitioning customers to Brazilian-produced Cariflex even though certain customers had already rejected that product; (2) Kraton’s Brazilian-produced Cariflex was available to customers when in fact certain customers had already rejected that product; (3) Kraton lacked effective internal controls over financial reporting; and (4) as a result, defendants’ statements about Kraton’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On February 20, 2018, Kraton announced its financial and operating results for fourth quarter and full year 2017. In its 8-K filing with the Securities and Exchange Commission, Kraton reported that its “fourth quarter 2017 results include a $7.6 million negative pre-tax impact arising from customer-observed Cariflex processing issues.” The Company also reported that “during the fourth quarter 2017 certain customers notified us that they were experiencing issues processing the material.” On this news, Kraton’s share price fell from a close of $50.79 on February 20, 2017, to a close of $43.71 the following day.

Plaintiff seeks to recover damages on behalf of all Kraton Corporation shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Friday, April 27, 2018 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click here to obtain an investor certification. Once complete, please email this form to rkh@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Robin.