The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Azz, Inc. (NYSE: AZZ) who purchased shares between July 3, 2018 and October 8, 2019. The action, which was filed in the United States District Court for the Northern District of Texas, alleges that the Company violated federal securities laws.
(1) the Company’s internal controls over financial reporting were not effective; (2) the Company improperly implemented ASC 606 which resulted in improper revenue reconciliations; and (3) 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.
Shareholders have until January 3, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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