BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Acuity Brands, Inc.(“Acuity” or the “Company”) (NYSE: AYI) securities between June 29, 2016 and April 3, 2017, inclusive (the “Class Period”). Acuity investors have until March 5, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Acuity investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
The complaint filed in this class action alleges that Defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) known trends were negatively impacting sales of Acuity's products; (2) Acuity's ability to achieve profitable sales growth was overstated; and (3) as a result, defendants' positive statements about Acuity's current and future business and financial prospects lacked a reasonable basis.
If you purchased shares of Acuity, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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