An investigation on behalf of current long term investors in Aceto Corporation (NASDAQ: ACET) shares over possible breaches of fiduciary duty by certain directors was announced.
San Diego, CA -- (SBWIRE) -- 11/05/2018 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Aceto Corporation .
Investors who are current long term investors in Aceto Corporation (NASDAQ: ACET) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: ACET stocks follows a lawsuit filed against Aceto Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ACET stocks, concerns whether certain Aceto directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that due to undisclosed competitive and pricing pressures, Aceto was unlikely to meet the performance metrics the Company provided to its investors as financial guidance, that accordingly, Aceto's financial guidance was overstated, and that as a result of the foregoing, Aceto's financial statements and Defendants' statements about Aceto's business, operations, and prospects, were materially false and misleading at all relevant times.
Those who purchased shares of Aceto Corporation (NASDAQ: ACET) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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