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0.00189121037463976 0.00189121037463976 0.00189121037463976 0.00414265129682991 0.0221541786743515 0.0266570605187321 0.0266570605187321 0.0266570605187321
Stock impact report

Robbins Arroyo LLP Is Investigating the Officers and Directors of Aceto Corporation (ACET)

Adicet Bio, Inc. (ACET) 
Last adicet bio, inc. earnings: 5/3 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: aceto.com/ir/index.html
Company Research Source: Business Wire
SAN DIEGO & PORT WASHINGTON, N.Y.--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Aceto Corporation (NasdaqGS: ACET) breached their fiduciary duties to shareholders. Aceto announced on April 18, 2018, that it is negotiating with its lenders for a waiver of its credit agreement regarding certain of its financial covenants due to adverse conditions in the generics market. Aceto also stated that the financial guidance issued on February 1, 2018, should no longer be relied upon and that the company anticipates a non-cash intangible asset impairment charge of $230 million to $260 million. The board further anticipated a significant reduction in the company's dividend going forward, causing the company's stock to plummet over 66%, closing at $2.51 per share on April 20, 2018. Aceto, together with its subsidiaries, sources, markets, sells, and dist Show less Read more
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