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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 October 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against International Flavors & Fragrances Inc. (NYSE: IFF).
IFF and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 5, 2019, IFF disclosed that Frutarom Industries, acquired in 2018, had improperly paid a number of customer representatives in Russia and Ukraine, a fact known by “key members of Frutarom’s senior management.” Further, IFF revealed it was reducing its 2019 sales financial guidance from $5.2B-$5.3B to $5.15B-$5.25B and adjusted EPS guidance from $4.90-$5.10 to $4.85-$5.05.
On this news, the price of IFF’s shares plummeted.
If you purchased securities of IFF and would like to discuss your legal rights and how this case might affect 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 Jansen v. International Flavors & Fragrances Inc., 1:19-cv-07536. Click here to read the case complaint.