NEW YORK, NY / ACCESSWIRE / September 13, 2019 / Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of International Flavors & Fragrances (NYSE:IFF) between May 7, 2018 and August 5, 2019, inclusive (the “Class Period”).
To join the class action, go http://zhanginvestorlaw.com/join-action-form/?slug=international-flavors-and-fragrances-inc&id=1996 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email [email protected] for information on the class action.
如果您想加入这个集体诉讼案，请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=international-flavors-and-fragrances-inc&id=1996.
If you wish to serve as lead plaintiff, you must move the Court no later than October 11, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Frutarom Industries Ltd. (“Frutarom”), which International Flavors acquired in October 2018, had bribed customers in Russia and Ukraine; (2) senior management at Frutarom were aware of such improper payments; (3) as a result, Frutarom’s financial results were materially overstated; (4) as a result of the improper payments, the Company was reasonably likely to face regulatory scrutiny; (5) the Company had not completed adequate due diligence before acquiring Frutarom; (6) the Company was unlikely to achieve purported synergies from the acquisition; and (7) as a result, International Flavors’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages..
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.
Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
[email protected]
tel: (800) 991-3756
SOURCE: Zhang Investor Law PC