Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion 
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Barclays Downgrades Siemens Energy as Valuation Seen Near Peak 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Mizuho’s Top U.S. Industrials Stocks: Why Corteva and Stanley Black & Decker Stand Out 
BHP Faces Port Hedland Strike Threat as Iron Ore Export Risks Grow 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
NEW ORLEANS, May 04, 2018 -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until June 25, 2018 to file lead plaintiff applications in a securities class action lawsuit against Aceto Corporation (Nasdaq:ACET), if they purchased the Company’s shares between August 25, 2017 and April 18, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York.
Get Help
Aceto investors should visit us at https://www.claimsfiler.com/cases/view-aceto-corporation-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Aceto and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
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 more than 63% on intraday trading on April 19, 2018.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
