NEW YORK, April 23, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Aceto Corporation ("Aceto" or the "Company") (NASDAQ: ACET). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/acet.
The investigation concerns whether Aceto and certain of its officers and/or directors have violated federal securities laws.
On April 18, 2018, post-market, Aceto disclosed that "the financial guidance issued on February 1, 2018, should no longer be relied upon," and suspended "further financial guidance for at least the balance of the fiscal year." The Company also disclosed that it "anticipates recording non-cash intangible asset impairment charges, including goodwill, in the range of $230 million to $260 million on certain currently marketed and pipeline generic products as a result of continued intense competitive and pricing pressures." Aceto further disclosed the resignation of its Chief Financial Officer, who had joined the company two months earlier. Following these disclosures, Aceto's share price fell $4.74, or 64%, to close at $2.66 on April 19, 2018.
If you are aware of any facts relating to this investigation, or purchased Aceto shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/acet. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.