Press release
Update in Lawsuit for Investors in shares of Acuity Brands, Inc. (NYSE: AYI)
A lawsuit is pending for certain investors in Acuity Brands, Inc. (NYSE: AYI) shares.
Investors who purchased shares of Acuity Brands, Inc. (NYSE: AYI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On January 3, 2018, a lawsuit was filed against Acuity Brands, Inc. (NYSE: AYI) over alleged violations of Federal Securities Laws. The plaintiff claims that between June 29, 2016, and April 3, 2017, the defendants concealed known trends negatively impacting sales of the Company's products; and overstated the Company's ability to achieve profitable sales growth, and that as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about Acuity's current and future business and financial prospects.
On October 5, 2018 a consolidated amended complaint was filed and on November 30, 2018, the defendants filed a Motion to Dismiss the consolidated amended Complaint. On August 12, 2019, the Court issued an order denying in part the Motion to Dismiss the case.
Those who purchased shares of Acuity Brands, Inc. (NYSE: AYI) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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