Huntsman Statement Regarding Los Angeles Discrimination Lawsuit

Rhea-AI Summary

Huntsman Corporation (NYSE: HUN) publicly addressed a lawsuit filed by two former employees claiming racial discrimination and wrongful termination. The company states these allegations are false, asserting that the ex-employees were dismissed for misconduct after a thorough investigation revealed unauthorized behavior. Huntsman emphasizes its commitment to combating discrimination and claims no racial motives were involved in the terminations. The company will robustly defend itself against these allegations, asserting its reputation and integrity.

Positive

• Huntsman Corporation stands firmly against discrimination, highlighting its investigative processes to ensure integrity.
• The company asserts that the lawsuit allegations are baseless, which may help mitigate reputational damage.

Negative

• The lawsuit could lead to potential legal costs and reputational harm despite Huntsman's defense.
• Negative publicity surrounding the claims may impact investor confidence, affecting stock performance.

THE WOODLANDS, Texas, April 19, 2022 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) does not typically comment about pending lawsuits. When necessary, however, Huntsman will publicly defend its reputation and the integrity of its employees. Huntsman will also set the record straight when it faces false charges that touch on matters of public interest like racial discrimination.

Recently, a law firm released a statement regarding a lawsuit it filed against Huntsman in Los Angeles on behalf of two former employees of its West San Fernando Road facility. The former employees are claiming they faced hostile and discriminatory treatment at that worksite due to their race, national origin, and sex, and that they were wrongfully terminated. These charges are false. Following a thorough investigation, the two plaintiffs were terminated by local management last November for misconduct and unprofessional behavior in the workplace. The investigation revealed that the plaintiffs took multiple unauthorized and extended breaks to meet in private, and, according to one of them, engage in consensual intimate encounters in various locations throughout the facility. The decision to terminate their employment was not racially motivated in any way. 

Huntsman stands firmly against all forms of discrimination in and outside of the workplace and thoroughly investigates all claims of misconduct or unethical behavior. Claims and concerns can be raised through multiple channels - including an anonymous hotline, none of which these former employees chose to utilize. Huntsman will aggressively defend the case and the integrity of its local workforce against these false charges.

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2021 revenues of approximately $8 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.

Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman

Forward-Looking Statements:Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/huntsman-statement-regarding-los-angeles-discrimination-lawsuit-301528466.html

SOURCE Huntsman Corporation

FAQ

What is the recent lawsuit involving Huntsman Corporation (HUN)?

Huntsman is facing a lawsuit from two former employees alleging racial discrimination and wrongful termination.

How did Huntsman Corporation respond to the discrimination lawsuit?

Huntsman claims the allegations are false and states the terminations were due to misconduct after an investigation.

What did Huntsman Corporation say about the claims made in the lawsuit?

Huntsman stated it will vigorously defend against the claims and that the decisions were not racially motivated.

How could the lawsuit impact Huntsman Corporation's stock (HUN)?

The lawsuit may lead to legal costs and negative publicity, potentially affecting investor confidence and stock performance.