Cases
Acuity Brands Inc. (NYSE: AYI)
Securities Class Action
Overview
Overview
- Date:
- 1/9/2018
- Company Name:
- Acuity Brands Inc.
- Stock Symbol:
- AYI
- Class Period:
- FROM 10/7/2015 TO 4/3/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: District of Delaware
NEW YORK, February 6, 2020 – Bragar Eagel & Squire is investigating certain officers and directors of Acuity Brands, Inc. (NYSE: AYI) following a class action complaint that was filed against Acuity Brands on January 3, 2018.
The complaint alleges that throughout the class period defendants failed to disclose material adverse facts about the Company’s financial well-being, business relationships, and prospects. Among other things, the complaint alleges that the defendants: (i) concealed known trends negatively impacting sales of the Company’s products; and (ii) overstated the Company’s ability to achieve profitable sales growth. As a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about Acuity’s current and future business and financial prospects.
If you are a long-term stockholder of Acuity Bands securities, 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 Marion Passmore or Melissa Fortunato by email at investigations@bespc.com, or telephone at (646) 860-9156, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that throughout the class period defendants failed to disclose material adverse facts about the Company’s financial well-being, business relationships, and prospects. Among other things, the complaint alleges that the defendants: (i) concealed known trends negatively impacting sales of the Company’s products; and (ii) overstated the Company’s ability to achieve profitable sales growth. As a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about Acuity’s current and future business and financial prospects.
If you are a long-term stockholder of Acuity Bands securities, 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 Marion Passmore or Melissa Fortunato by email at investigations@bespc.com, or telephone at (646) 860-9156, or by filling out the contact form below. There is no cost or obligation to you.