Acuity Brands Inc
9 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Acuity Brands Inc|
|Stock Symbol :||NYSE: AYI|
|Class Period Start:||06/29/2016|
|Class Period End:||04/03/2017|
|Lead Plaintiff motion:||03/05/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the District of Delaware|
Thieler Law Corp advises investors with losses exceeding $100,000 of the March 5, 2018 lead plaintiff deadline in a class action lawsuit filed against Acuity Brands Inc (NYSE:AYI) (“Acuity Brands” or “the Company”). The suit is pending in the U.S. District Court for the District of Delaware and investors, who purchased Acuity Brands Inc securities between June 29, 2016 and April 3, 2017, have until March 5, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased Acuity Brands Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing email@example.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that concealed known trends negatively impacting sales of the Company’s products; and overstated the Company’s ability to achieve profitable sales growth. 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 January 9, 2017, the Company revealed its first quarter 2017 financial and operating results, disclosing lower-than-expected sales, which the Company attributed to weaker customer demand due to “election jitters.”
Following this news, NYSE:AYI dropped $34.85, or 14.7%, to close at $202.51 on January 9, 2017.
On April 4, 2017, the Company revealed its financial and operating results for the second quarter of 2017, and attributed poor performance to “the impact of continued softness in demand for certain short cycle, small lighting projects,” and claimed demand softness “could potentially linger into the second half of 2017.”
Following this news, NYSE:AYI dropped $30.13, or 14.8%, to close at $173.93 on April 4, 2017.
If you were negatively impacted by your investment in Acuity Brands Inc securities between June 29, 2016 and April 3, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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Thieler Law Corp
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