LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ) securities between April 22, 2015 and January 8, 2018, inclusive (the “Class Period”). AZZ investors have until March 12, 2018 to file a lead plaintiff motion.
Investors suffering losses on their AZZ investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com.
On January 9, 2018, AZZ announced that the Company’s audit committee and outside accounting firm determined the Company should have accounted differently for certain contracts within its Energy Segment.
According to the Complaint filed in this class action, throughout the Class period, AZZ made materially false and misleading statements about the Company’s compliance, operational and business policies. Specifically, the complaint alleges that the Company issued false and/or misleading statements and/or failed to disclose that: (1) repeatedly misrepresented their financial results, (2) failed to report revenues in compliance with FASB accounting standards, (3) lacked adequate controls over financial reporting, and (4) failed to disclose the failure of more than two years of purported efforts to evaluate new accounting standards.
If you purchased shares of AZZ during the Class Period you may move the Court no later than March 12, 2018 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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