NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General
of Louisiana, Charles C. Foti, Jr., remind investors that they have until
August 6, 2019 to file lead plaintiff
applications in a securities class action lawsuit against Pyxus
International, Inc. (NYSE: PYX), if they purchased the Company’s
securities between June 7, 2018 and November 8, 2018, inclusive (the
“Class Period”). This action is pending in the United States District
Court for the Eastern District of North Carolina.
What You May Do
If you purchased securities of Pyxus 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 protected]),
or visit https://www.ksfcounsel.com/cases/nyse-pyx/
to learn more. If you wish to serve as a lead plaintiff in this class
action, you must petition the Court by August
6, 2019.
About the Lawsuit
Pyxus and certain of its executives are charged with failing to disclose
material information during the Class Period, violating federal
securities laws.
On November 8, 2018, the Company revealed an approximately 12%
year-over-year decline in sales due to the timing of shipments and a
larger prior year crop in South America. On November 9, 2018, the
Securities & Exchange Commission revealed a settlement reached with the
Company for charges that it had materially misstated financial
statements from at least 2011 through 2Q2015.
On this news, the price of Pyxus’ shares plummeted.
The case is Jones v. Pyxus International, Inc. et al.,
5:19-cv-00234.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
