NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until June 25, 2018 to file lead plaintiff applications in a securities class action lawsuit against Aceto Corporation (NasdaqGS: ACET). Investor losses must relate to purchases of the Company’s shares between August 25, 2017 and April 18, 2018. This action is pending in the United States District Court for the Eastern District of New York.
What You May Do
If you purchased shares of Aceto and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nasdaqgs-acet/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by June 25, 2018.
About the Lawsuit
On April 18, 2018, the Company disclosed wide-ranging negative financial news, including that its “financial guidance issued on February 1, 2018, should no longer be relied upon”; it anticipates recording impairment charges of “$230 million to $260 million” on certain products; it was negotiating credit agreement waivers with its lenders; it expected to make a “significant reduction” of its dividend; and that its Chief Financial Officer had resigned. On this news, the price of Aceto’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.