World News: 02:50 GMT Saturday 16th March 2019. [Kahn Swick & Foti, LLC via Globe Newswire via SPi World News]
NEW ORLEANS, March 15, 2019 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until to file lead plaintiff applications in a securities class action lawsuit against Astec Industries, Inc. (NasdaqGS: ASTE), if they purchased the Company’s shares between July 26, 2016 and October 22, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Tennessee.
What You May Do
If you purchased shares of Astec and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by
About the Lawsuit
Astec and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 23, 2018, the Company disclosed a wide range of disappointing financial results for 3Q2018 including a decrease in domestic sales of 1.2% and a 28.1% decline in domestic backlog and for 2018, core revenue growth forecast slashed from 7%-12% to 1%-3% as well as revenue and earnings per share well below analysts’ expectations.
On this news, the price of Astec’s shares plummeted.
The case is , 19-cv-0002.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit .
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163
Globe Newswire: 02:50 GMT Saturday 16th March 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.