Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
Alibaba Shares Fall as AI Spending Hits Profit 
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
REPAY Stock Rises After Visa Platform Connect Collaboration 
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised 
Unifor Reaches Tentative GM Deal for 4,600 Ontario Workers 
Barclays Downgrades Renault as Cost Savings Challenges Grow 
Coty Revenue Beats Estimates as Beauty Demand Holds Firm 
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
SK Hynix Shares Surge on Record $28.6 Billion Buyback 
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
Hyundai Motor Union Launches First Full Strike in Decade Over Wages, AI Job Risks 
Add as a preferred source on Google
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.
