NEW YORK, NY / ACCESSWIRE / June 14, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Pyxus International, Inc. f/k/a Alliance One International, Inc.("Pyxus" or the "Company") (PYX). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/pyx.
The investigation concerns whether Pyxusand certain of its officers and/or directors have violated federal securities laws.
On November 8, 2018, Pyxus disclosed that its sales declined approximately 12% year-over-year due to the timing of shipments and a larger crop yield in South America. On this news, Pyxus's stock price fell $7.01 per share, or nearly 28%, to close at $18.26 per share on November 8, 2018. Then, on November 9, 2018, the U.S. Securities and Exchange Commission ("SEC") announced that Pyxus had settled charges that it had materially misstated its financial statements filed with the SEC 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, Pyxus's stock price fell $2.88 per share, or nearly 16%, to close at $15.38 per share on November 9, 2018.
If you are aware of any facts relating to this investigation, or purchased Pyxus shares,you can assist this investigation by visiting the firm's site: www.bgandg.com/pyx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC
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