An investigation on behalf of current long term investors in Acuity Brands, Inc. (NYSE: AYI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/13/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain directors of Acuity Brands, Inc..
Investors who are current long term investors in Acuity Brands, Inc. (NYSE: AYI) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: AYI stocks follows a lawsuit filed against Acuity Brands, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: AYI stocks, concerns whether certain Acuity Brands directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants concealed known trends negatively impacting sales of the Company's products; and overstated the Company's ability to achieve profitable sales growth, and that as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about Acuity's current and future business and financial prospects.
Those who purchased shares of Acuity Brands, Inc. (NYSE: AYI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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.