ASTEC INDUSTRIES SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadlin...
March 08 2019 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until April 2, 2019 to file lead
plaintiff applications in a securities class action lawsuit against
Astec Industries, Inc. (NasdaqGS: ASTE), if they purchased the
Company’s shares between July 26, 2016 and October 22, 2018,
inclusive (the “Class Period”). This action is pending in the
United States District Court for the Eastern District of
Tennessee.
Get Help
Astec investors should visit us at
https://www.claimsfiler.com/cases/view-astec-industries-inc-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti,
LLC are available to discuss your legal options.
About the Lawsuit
Astec and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On October 23, 2018, the Company disclosed a wide range of
disappointing financial results for 3Q2018 including a decrease in
domestic sales of 1.2% and a 28.1% decline in domestic backlog and
for 2018, core revenue growth forecast slashed from 7%-12% to 1%-3%
as well as revenue and earnings per share well below analysts’
expectations.
On this news, the price of Astec’s shares plummeted.
The case is City of Taylor General Employees Retirement System
v. Astec Industries, Inc., et al., 19-cv-0002.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190308005502/en/
ClaimsFilerLewis Kahn,
844-367-9658https://www.claimsfiler.com
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