Energy News / Shareholders Foundation, Inc.

NYSE:AZZ Shareholder Notice: Deadline on March 12, 2018 Upcoming in Lawsuit Against AZZ Inc

Via: ReleaseWire

Updated 12:00 PM CST, Wed, March 07,2018

A Deadline is coming up on March 12, 2018 in the lawsuit for investors in AZZ Inc (NYSE:AZZ) and NYSE:AZZ stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 03/07/2018 -- A deadline is coming up on March 12, 2018 in the lawsuit filed for certain investors of NYSE:AZZ over alleged securities laws violations by AZZ Inc.

Investors who purchased shares of AZZ Inc (NYSE:AZZ) have certain options and there are strict and short deadlines running. Deadline: March 12, 2018. NYSE:AZZ stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On January 9, 2018, AZZ announced that upon the recommendation of the Company's management and in consultation with the Company's Audit Committee and independent registered public accounting firm, BDO USA, LLP, on January 4, 2018 determined 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 change 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. Shares of AZZ Inc (NYSE:AZZ) declined on January 9, 2018 to $45.70 per share.

The plaintiff claims that between April 22, 2015 and January 8, 2018, the defendants repeatedly misrepresented their financial results, failed to report revenues in compliance with FASB accounting standards, lacked adequate controls over financial reporting and failed to disclose the failure of more than two years of purported efforts to evaluate new accounting standards.

Those who purchased shares of AZZ Inc (NYSE:AZZ) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseazz-shareholder-notice-deadline-on-march-12-2018-upcoming-in-lawsuit-against-azz-inc-945411.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com