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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 3, 2020 to file lead plaintiff applications in a securities class action lawsuit against AZZ Inc. (NYSE: AZZ).
AZZ and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 17, 2019, post-market, the Company disclosed a material weakness in its internal control over financial reporting related to preparation and review of revenue reconciliations after adopting a new revenue recognition standard. On October 8, 2019, the Company disclosed that its 2Q2020 financial results were delayed “to allow the Company additional time to complete the review of the Form 10-Q for its fiscal year 2020 second quarter ended August 31, 2019.”
On this news, the price of AZZ shares plummeted nearly 14%
If you purchased securities of AZZ and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Atayi v. AZZ Inc.,19-cv-00928. Click here to read the case complaint.