Thieler Law Corp advises investors with losses exceeding $100,000 of the October 11, 2019 lead plaintiff deadline in a class action lawsuit filed against International Flavors & Fragrances Inc (NYSE: IFF) (“IFF” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased International Flavors & Fragrances Inc securities between May 7, 2018 and August 5, 2019, have until October 11, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased International Flavors & Fragrances 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 mail@thielerlaw.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 Frutarom Industries Ltd. (“Frutarom”), which International Flavors acquired in October 2018, had bribed customers in Russia and Ukraine; senior management at Frutarom were aware of such improper payments; as a result, Frutarom’s financial results were materially overstated; as a result of the improper payments, the Company was reasonably likely to face regulatory scrutiny; the Company had not completed adequate due diligence before acquiring Frutarom; the Company was unlikely to achieve purported synergies from the acquisition; and as a result, International Flavors’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On August 5, 2019, the Company revealed its financial results for the second quarter of 2019. The Company significantly lowered its 2019 guidance, advising investors that it expects adjusted earnings per share (“EPS”) of $4.85 to $5.05 on revenue of $5.15 billion to $5.25 billion, down from its previous guidance of adjusted EPS in the range of $4.90 to $5.10 and revenue of $5.2 billion to $5.3 billion. Futhermore, the Company revealed that it is investigating improper payments made by two businesses of its Israeli subsidiary Frutarom “operating principally in Russia and Ukraine . . . to representatives of a number of customers.”

Following this news, NYSE: IFF fell $22.56 per share, or 15.95%, to close at $118.91 per share on August 6, 2019.

If you were negatively impacted by your investment in International Flavors & Fragrances Inc securities between May 7, 2018 and August 5, 2019 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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