Dow(US:DOW) Prnewswireยท2025-10-15 08:30Core Viewpoint - The article discusses a class action lawsuit against Dow Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on misleading statements regarding the company's financial health and ability to manage macroeconomic challenges [1][4]. Company Overview - Dow Inc. provides materials science solutions across various sectors, including packaging, infrastructure, mobility, and consumer applications [3]. Allegations of the Lawsuit - The lawsuit claims that Dow and its executives made false or misleading statements about the company's financial flexibility and ability to handle macroeconomic and tariff-related challenges [4]. - It is alleged that Dow understated the negative impacts of competitive pressures, softening global sales, and product oversupply on its business [4]. Financial Performance - On June 23, 2025, BMO Capital downgraded Dow's stock from "Market Perform" to "Underperform," reducing the price target from $29.00 to $22.00 due to ongoing weakness in key markets [5]. - Following this downgrade, Dow's stock price fell by over 3% [5]. - On July 24, 2025, Dow reported a non-GAAP loss per share of $0.42 for Q2 2025, significantly worse than the expected loss of approximately $0.17 to $0.18 per share, with net sales of $10.1 billion, a 7.3% year-over-year decline [6]. - Dow's CEO attributed the disappointing results to a challenging earnings environment and announced a dividend cut from $0.70 to $0.35 per share, leading to a stock price drop of over 17% [6]. Legal Process - Investors who purchased Dow securities during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [7]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8].