BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming June 1, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Platform Specialty Products Corporation (“Platform” or the “Company”) (NYSE:PAH) securities between February 17, 2015 and March 14, 2016, inclusive (the “Class Period”). Platform investors have until June 1, 2016 to file a lead plaintiff motion.
Platform produces and sells specialty chemical products in the Americas, the Asia-Pacific and Europe. The Company has allegedly made improper payments in connection with its operations in West Africa in violation of the Foreign Corrupt Practices Act, and faces regulatory liability. When news of the allegedly improper payments were revealed to the investing public the Company’s share price declined in value, thereby injuring investors.
The Complaint alleges that throughout the Class Period, Platform made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, the Complaint alleges that Platform made false and/or misleading statements and/or failed to disclose that: (i) Arysta (a Platform subsidiary) had made improper third-party payments in West Africa; (ii) that the foregoing payments were unlawful under the U.S. Foreign Corrupt Practices Act (“FCPA”); and (iii) as a result of the foregoing, Platform's public statements were materially false and misleading at all relevant times.
If you purchased Platform shares, you may move the Court no later than June 1, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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