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 Brandon Walker or Melissa
Fortunato by email at firstname.lastname@example.org,
or telephone at (212) 355-4648, or by filling
out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating
in commercial and securities litigation. For additional information
concerning the Aceto Corporation lawsuit, please go to http://www.bespc.com/aceto.
For additional information about Bragar Eagel & Squire, P.C., please go
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