The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Delaware on behalf of investors who purchased Acuity Brands, Inc. (NYSE : AYI) securities between October 15, 2015 and April 3, 2017.
According to the complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) known trends were negatively impacting sales of Acuity’s products; (2) Acuity’s ability to achieve profitable sales growth was overstated; and (3) as a result, defendants’ positive statements about Acuity’s current and future business and financial prospects lacked a reasonable basis.
If you suffered a loss in Acuity Brands, Inc. you have until March 5, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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