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CLASS ACTION UPDATE: Brodsky & Smith, LLC Is Investigating Securities Violations Regarding IFF, PS and CURLF

BALA CYNWYD / ACCESSWIRE / September 17, 2019 / Brodsky & Smith, LLC is investigating class action lawsuits against the following companies for violations of federal securities laws. If you purchased any of the below-listed stocks during the referenced time periods and want to discuss your legal rights, please contact Marc Ackerman, Esquire or Jordan Schatz, Esquire at 877-534-2590. There is no cost or financial obligation to you.

INTERNATIONAL FLAVORS AND FRAGRANCES INC. (IFF)

Shares purchased between May 7, 2018 and August 5, 2019

Deadline: October 11, 2019

According to the filed complaint, IFF made materially false and/or misleading statements and/or failed to disclose that: (1) that Frutarom Industries Ltd. ("Frutarom"), which the Company acquired in 2018, had bribed customers in Russia and Ukraine; (2) that senior management at Frutarom were aware of such improper payments; (3) that, as a result, Frutarom’s financial results were materially overstated; (4) that, as a result of the improper payments, the Company was reasonably likely to face regulatory scrutiny; (5) that the Company had not completed adequate due diligence before acquiring Frutarom; (6) that, as a result of the foregoing, the Company was unlikely to achieve purported synergies from the acquisition; and (7) that, 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.

Additional information can be found at http://www.brodskysmith.com/cases/international-flavors-fragrances-inc-nyse-iff/ or call 877-534-2590. No cost or obligation to you.

PLURALSIGHT, INC. (PS)

Shares purchased between August 2, 2018 and July 31, 2019

Deadline: October 15, 2019

According to the filed complaint, the Company made false and misleading statements to the market. Pluralsight failed to execute on its sales strategies, which impacted its billing to customers. The Company also suffered from delays in hiring and training an effective salesforce to meet its financial projections. Pluralsight fell behind in onboarding new sales reps, which compounded the execution problems already plaguing the organization. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Pluralsight, investors suffered damages.

Additional information can be found at http://www.brodskysmith.com/cases/pluralsight-inc-nasdaq-ps/ or call 877-534-2590. No cost or obligation to you.

CURALEAF HOLDINGS, INC. (CURLF)

Shares purchased between November 21, 2018 and July 22, 2019

Deadline: October 4, 2019

According to the filed complaint, during the class period, Curaleaf Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Curaleaf, on its website and social media pages, marketed its CBD products to be used as drugs and dietary supplements, contrary to law; (2) Curaleaf also sold unapproved animal drugs on its website; (3) such conduct would result in a warning letter from the U.S. Food and Drug Administration; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Additional information can be found at http://www.brodskysmith.com/cases/curaleaf-holdings-inc-otc-curlf/ or call 877-534-2590. No cost or obligation to you.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC



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