Aceto class action investigation Levi & Korsinsky

Class Action News

Aceto Class Action Investigation Commences

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April 19, 2018

Levi & Korsinsky announces it has commenced an investigation of Aceto Corporation (“Aceto” or “the Company”) (NASDAQGS: ACET) concerning possible violations of federal securities laws. On April 18, 2018, Aceto issued a press release announcing that “the financial guidance issued on February 1, 2018, should no longer be relied upon.” The Company also announced that it anticipates recording “non-cash intangible asset impairment charges, including goodwill, in the range of $230 million to $260 million on certain currently marketed and pipeline generic products as a result of continued intense competitive and pricing pressures.” Following this news, shares of Aceto were down more than 63% on intraday trading on April 19, 2018. To obtain additional information on the Aceto class action investigation, contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

 

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.