Chemours Faces DOJ, SEC Accounting Probe Amid Shakeup at Top (1)

The US Securities and Exchange Commission and the Department of Justice are probing Chemours Co. after the chemical company put three of its top executives on leave amid an investigation into its accounting practices.

“Chemours is cooperating with requests for information by the SEC and the United States Attorney’s Office for the Southern District of New York concerning the results of the Audit Committee Internal Review and the Company’s SEC filings in respect of that review,” the company said in its 10-K published after market close on Wednesday.

The Delaware-based company stunned the market in late February when it suspended ...