LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of ACETO Corporation (“ACETO” or the “Company) (NASDAQ: ACET) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the ACETO investigation page on our website at www.glancylaw.com/case/ACETO-corporation.
On April 18, 2018, ACETO issued a press release announcing that its financial guidance should no longer be relied upon, that the Company anticipates recording non-cash intangible asset impairment charges in the range of $230 million to $260 million, and that Edward Borkowski resigned as the Company’s CFO.
On this news, ACETO’s share price fell $4.74 per share, or 64%, to close at $2.66 per share on April 19, 2018, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased ACETO securities, 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 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 email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.