An investigation on behalf of current long term investors in Pyxus International, Inc. (NYSE: PYX) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: PYX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/22/2019 -- Certain directors of Pyxus International, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Pyxus International, Inc. (NYSE: PYX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: PYX stocks follows a lawsuit filed against Pyxus International, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PYX stocks, concerns whether certain Pyxus International, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that the Company was experiencing longer shipping cycles, that, as a result, the Company's financial results would be materially affected, that the Company lacked adequate internal control over financial reporting, that the Company's accounting policies were reasonably likely to lead to regulatory scrutiny, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On October 21, 2019, NYSE: PYX shares closed at $12.80 per share.
Those who purchased shares of Pyxus International, Inc. (NYSE: PYX) 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
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.