NEW ORLEANS, May 18, 2018 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until June 25, 2018 to
file lead plaintiff applications in a securities class action
lawsuit against Aceto Corporation (NasdaqGS: ACET), if they
purchased the Company's shares between August 25, 2017 and April
18, 2018, inclusive (the "Class Period"). This action
is pending in the United States
District Court for the Eastern District of New York.
Get Help
Aceto investors should visit us at
https://www.claimsfiler.com/cases/view-aceto-corporation-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Aceto and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On April 18, 2018, the Company
disclosed wide-ranging negative financial news, including that its
"financial guidance issued on February 1,
2018, should no longer be relied upon"; it anticipates
recording impairment charges of "$230
million to $260 million" on
certain products; it was negotiating credit agreement waivers with
its lenders; it expected to make a "significant reduction" of its
dividend; and that its Chief Financial Officer had resigned.
On this news, the price of Aceto's shares plummeted more than
63% on intraday trading on April 19,
2018.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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