LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Acuity Brands, Inc. (“Acuity” or the “Company”) (NYSE: AYI) concerning whether the board breached its fiduciary duties to shareholders.
If you are a shareholder, click here to participate.
In 2018, a shareholder class action was filed against Acuity in federal court on behalf of purchasers of Acuity’s shares. The shareholder complaint alleged, among other things, that Acuity violated the federal securities laws by making a series of materially false and misleading statements to shareholders about the Company’s ability to maintain sales growth rates.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
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If you are a current Acuity shareholder who purchased shares before June 29, 2016 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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