16 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||AZZ Inc|
|Stock Symbol :||NYSE: AZZ|
|Class Period Start:||04/22/2015|
|Class Period End:||01/08/2018|
|Lead Plaintiff motion:||03/12/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Northern District of Texas|
Thieler Law Corp advises investors with losses exceeding $100,000 of the March 12, 2018 lead plaintiff deadline in a class action lawsuit filed against AZZ Inc (NYSE: AZZ) (“AZZ” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased AZZ Inc securities between April 22, 2015 and January 8, 2018, have until March 12, 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 AZZ 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 firstname.lastname@example.org . 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 AZZ misstated revenues for its Energy Segment for the duration of the Class Period; AZZ had failed to report revenues in compliance with FASB’s Accounting Standards; AZZ lacked adequate internal controls over financial reporting; AZZ’s purported efforts for over two years to evaluate revenue recognition standards had been an apparent failure; and as a result, AZZ’s publicly disseminated financial statements were materially false and misleading.
On January 9, 2018, the Company revealed "that the Company historically should have accounted differently for certain contracts within its Energy Segment." As a result, AZZ is reviewing the impact of this determination on its historical accounting and financial results from 2015 through 2017 and announced it is delaying the release of its Form 10-Q for the quarter ended November 30, 2017.
Following this news, NYSE: AZZ dropped from a close of $50.64 per share on January 8, 2018, to a close of $47.50 per share the following day.
If you were negatively impacted by your investment in AZZ Inc securities between April 22, 2015 and January 8, 2018 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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