NEW YORK, Aug. 7, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against International Flavors and Fragrances, Inc. (NYSE: IFF) on behalf of Flavors and Fragrances investors. Our investigation concerns whether Flavors and Fragrances has violated the federal securities laws and/or engaged in other unlawful business practices.
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On August 5, 2019, Flavors & Fragrances announced it is investigating "improper payments" made by Israeli ingredient and flavor subsidiary Frutarom, which the company acquired in a $7.1 billion deal in May 2018.
During the integration of Frutarom, the Company said, it was made aware of allegations that "two Frutarom businesses operating principally in Russia and Ukraine made improper payments to representatives of a number of customers."
Additionally, on August 5, 2019, Flavors & Fragrances reported second-quarter financial results and reduced its outlook for the full year.
Following this news, Flavors & Fragrances stock fell over 15% in early morning trading on August 6, 2019.
If you purchased or otherwise acquired Flavors and Fragrances shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Flavors and Fragrances, please go to https://bespc.com/IFF. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE Bragar Eagel & Squire, P.C.