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The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Pyxus International, Inc. (NYSE: PYX), formerly Alliance One International, Inc. (NYSE: AOI), who purchased shares between June 7, 2018 and November 8, 2018. The action, which was filed in the United States District Court for the Eastern District of California, alleges that the Company violated federal securities laws.
In particular, the Pyxus International lawsuit alleges that (1) the Company was experiencing longer shipping cycles; (2) as a result, the Company’s financial results would be materially affected; (3) the Company lacked adequate internal control over financial reporting; (4) the Company’s accounting policies were reasonably likely to lead to regulatory scrutiny; and (5) 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 August 6, 2019 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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