NYSE: AYI Long Term Shareholder Notice: Investigation of Potential Wrongdoing at Acuity Brands, Inc.
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.
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