Cases
Aceto Corporation (ACET)
Securities Class Action
Overview
Overview
- Date:
- 6/18/2018
- Company Name:
- Aceto Corporation
- Stock Symbol:
- ACET
- Class Period:
- FROM 8/25/2017 TO 4/18/2018
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Eastern District of New York
NEW YORK, June 18, 2018 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired Aceto Corporation (NASDAQ: ACET) securities between August 25, 2017 and April 18, 2018 (the “Class Period”). Investors have until June 25, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that (i) the Company failed to implement and enforce proper internal control to identify the misapplication of cash; (ii) the Company would incur large non-cash intangible asset impairment charges; (iii) the Company lacked effective internal control over financial reporting; (iv) the Company's financial results for the fiscal year 2017 could not be relied upon; (v) the Company's fiscal 2018 financial guidance was overstated; and (vi) as a result of the foregoing, Aceto's public statements were materially false and misleading at all relevant times.
If you purchased or otherwise acquired Aceto securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that (i) the Company failed to implement and enforce proper internal control to identify the misapplication of cash; (ii) the Company would incur large non-cash intangible asset impairment charges; (iii) the Company lacked effective internal control over financial reporting; (iv) the Company's financial results for the fiscal year 2017 could not be relied upon; (v) the Company's fiscal 2018 financial guidance was overstated; and (vi) as a result of the foregoing, Aceto's public statements were materially false and misleading at all relevant times.
If you purchased or otherwise acquired Aceto securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.