BOSTON, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP ( www.blockesq.com ), a securities litigation firm representing investors nationwide, informs investors that there has been a class action lawsuit filed against Astec Industries, Inc. (“Astec” or the “Company”) (NASDAQ: ASTE) and certain of its officers. Class members interested in serving as lead plaintiff are required to move for appointment by April 2, 2019, and are encouraged to contact Block & Leviton LLP to learn more.
The Complaint that was filed in the Eastern District of Tennessee alleges that throughout the class period defendants made false and misleading statements and/or failed to disclose adverse information regarding Astec’s business, operations and prospects, including that its wood pellet plants suffered from significant and costly problems that prevented them from running at their promised production capacity, posing a threat to the company’s pellet plant business, its overall financial performance, and its financial outlook.
If you purchased Astec securities between July 26, 2016 and October 22, 2018, inclusive, you are encouraged to contact attorney Dan DeMaria at (617) 398-5660, by email at dan@blockesq.com , or by visiting http://shareholder.law/astec .
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP Dan DeMaria (617) 398-5660 phone 155 Federal Street, Suite 400 Boston, MA 02110 dan@blockesq.com
SOURCE Block & Leviton LLP
