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LOS ANGELES–(BUSINESS WIRE)–$PYX #CLASSACTIONGlancy
Prongay & Murray LLP
(“GPM”) reminds investors of the upcoming August
6, 2019 
deadline to file a lead plaintiff motion in the class
action filed on behalf of Pyxus International, Inc. (“Pyxus” or the
“Company”) (NYSE: PYX)
investors who purchased securities between June 7, 2018 and
November 8, 2018
, inclusive (the “Class Period”).

If you are a shareholder who suffered a loss, click here to
participate.

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, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.

On November 8, 2018, the Company disclosed that sales declined
approximately 12% year-over-year due to the timing of shipments and the
larger crop last year in South America.

On this news, the Company’s share price fell $7.01, or nearly 28%, to
close at $18.26 on November 8, 2018, on unusually heavy trading volume.

On November 9, 2018, the SEC announced that the Company had settled
charges that it had materially misstated financial statements with the
Commission from at least 2011 through the second quarter of 2015 due to
improper and insufficient accounting, processes, and control activities
for inventory, deferred crop costs, and revenue transactions in Africa.

On this news, the Company’s share price fell $2.88, or nearly 16%, to
close at $15.38 on November 9, 2018, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that the Company was
experiencing longer shipping cycles; (2) that, as a result, the
Company’s financial results would be materially affected; (3) that the
Company lacked adequate internal control over financial reporting; (4)
that the Company’s accounting policies were reasonably likely to lead to
regulatory scrutiny; and (5) that, as a result of the foregoing,
Defendants’ positive statements about the Company’s business,
operations, and prospects were materially misleading and/or lacked a
reasonable basis.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased or otherwise acquired Pyxus securities during the Class
Period you may move the Court no later than August 6, 2019 to
request appointment as lead plaintiff in this putative class action
lawsuit. To be a member of the class action 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 action. If you wish to learn
more about this class action, or if you have any questions concerning
this announcement or your rights or interests with respect to the
pending class action lawsuit, 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 [email protected],
or visit our website at www.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.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com