BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith 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.
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.
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 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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