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Adient plc (NYSE: ADNT)
Copyright © 2006-2018 Law Offices of Howard G. Smith
This lawsuit is for anyone who acquired securities in Adient plc (NYSE: ADNT) from October 31, 2016 through June 11, 2018.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, during the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors to believe that the margins in its seat structures and mechanisms business would grow by 2% by 2020 without a reasonable basis for making the claim.

On January 17, 2018, during an investor conference, the Company disclosed that “near-term results are being significantly impacted by SS&M.” On this news, the price of the Company's stock dropped precipitously on unusually heavy trading volume. Then, on January  29,  2018, the Company announced disappointing financial results for Adient’s first quarter of 2018, blaming the outcome on problems in the SS&M business, yet stating (a) “we certainly are not backing away from our commitment to deliver 200 basis points of consolidated adjusted EBIT margin improvement by the end of 2020” and (b) “we’re currently examining the composition of these 200 basis points . . . if SS&M, our seat structure and mechanisms business, is incapable of delivering the 100 to 200 basis points of improvement by 2020, we’ll look to execute other parts of – other things within the rest of our organization to offset the shortfall.” On this news, the price of the Company's stock again dropped precipitously on unusually heavy trading volume. About three months later, on May 3, 2018, the Company announced it recorded a $299 million impairment charge related to the SS&M business and admitted “the 200 basis points of margin expansion . . . is no longer going to be achievable.” On this news, the price of the Company's stock again dropped precipitously on unusually heavy trading volume. Finally, just  over  a  month  later, on  June  11,  2018,  Adient slashed its earnings guidance and announced, without explanation, the sudden and immediate resignation of its CEO, Bruce McDonald. On this news, the price of the Company's stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Adient plc (NYSE: ADNT) from October 31, 2016 through June 11, 2018 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
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1.  I have reviewed the Complaint and authorized its filing.

2.  Plaintiff did not purchase the security that is the subject of this
     action, at the direction of plaintiff's counsel or in order to   
     participate in any private action arising under this title.

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     action, during the Class Period set forth in the Complaint are as
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     directly relating to the representation of the class.
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