NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Aceto Corporation (NASDAQGS: ACET) concerning possible violations of federal securities laws.
Aceto issued a press release on April 18, 2018, announcing that “the financial guidance issued on February 1, 2018, should no longer be relied upon.” The Company also announced that it anticipated recording “non-cash intangible asset impairment charges, including goodwill, in the range of $230 million to $260 million on certain currently marketed and pipeline generic products as a result of continued intense competitive and pricing pressures.” Following this news, shares of Aceto fell from a close of $7.40 on April 18, 2018, to a close of $2.66 on April 19, 2018.
If you suffered a loss in Aceto and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/ACET-Info-Request-Form-294.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.