Methanex(US:MEOH) Prnewswireยท2025-03-11 19:40Core Viewpoint - Methanex Corporation is under investigation for potential securities fraud and unlawful business practices following an unplanned outage at its Geismar 3 methanol plant, which has led to a significant stock price decline [1][2][3]. Group 1: Company Operations - Methanex announced that its Geismar 3 methanol plant in Louisiana experienced an unplanned outage in late February 2025, prompting management to undertake repairs to the autothermal reformer (ATR) [2]. - The company estimates that the plant will restart by early May 2025 after completing various inspections and repairs [2]. Group 2: Market Reaction - Following the announcement of the outage, Methanex's stock price fell by $5.45 per share, representing a 12.9% decrease, closing at $36.80 per share on March 10, 2025 [3]. - Scotiabank downgraded Methanex's stock rating from Sector Outperform to Sector Perform in response to the outage news [2]. Group 3: Legal Investigation - Pomerantz LLP is investigating claims on behalf of Methanex investors regarding possible securities fraud or other unlawful business practices by the company and its officers or directors [1].