LOS ANGELES -- (Business Wire)
Prongay & Murray LLP (“GPM”) announces that a class action
lawsuit has been filed on behalf of investors who purchased or otherwise
acquired AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ)
securities between April 22, 2015 and January 8, 2018, inclusive
(the “Class Period”). AZZ investors have until March 12, 2018 to
file a lead plaintiff motion.
Investors suffering losses on their AZZ investments are encouraged to
contact Lesley Portnoy of GPM to discuss their legal rights in this
class action at 310-201-9150 or by email to email@example.com.
On January 9, 2018, AZZ announced that the Company’s audit committee and
outside accounting firm determined the Company should have accounted
differently for certain contracts within its Energy Segment.
According to the Complaint filed in this class action, throughout the
Class period, AZZ made materially false and misleading statements about
the Company’s compliance, operational and business policies.
Specifically, the complaint alleges that the Company issued false and/or
misleading statements and/or failed to disclose that: (1) repeatedly
misrepresented their financial results, (2) failed to report revenues in
compliance with FASB accounting standards, (3) lacked adequate controls
over financial reporting, and (4) failed to disclose the failure of more
than two years of purported efforts to evaluate new accounting standards.
If you purchased shares of AZZ during the Class Period you may move the
Court no later than March 12, 2018 to ask the Court to
appoint you as lead plaintiff if you meet certain legal requirements. To
be a member of the Class you need not take any action at this time; you
may retain counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org,
or visit our website at http://glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180112005631/en/
Glancy Prongay and Murray LLP, Los Angeles
310-201-9150 or 888-773-9224
Source: Glancy Prongay & Murray LLP
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