SAN DIEGO, Oct. 13, 2018 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP is investigating potential
claims against Zimmer Biomet Holdings, Inc., Acadia Healthcare
Company, Inc., and Floor & Decor Holdings, Inc., as detailed
below:
Zimmer Biomet Holdings, Inc.
Last year, a Securities Class Action Complaint was filed on
behalf of those who purchased Zimmer Biomet Holdings, Inc. (NYSE:
ZBH ) securities ("Zimmer"), between June 7,
2016, and November 7, 2016. On
September 26, 2018, Judge
Philip P. Simon denied Zimmers's
motion to dismiss.
The complaint alleges that Defendants intentionally mislead the
general and investing public with regard to systemic quality
control issues identified by internal audits that directly affected
Zimmer's primary manufacturing facility responsible for supplying
its most important products.
If you are a long-term shareholder of Zimmer
continuously holding shares before June 7,
2016, you may have standing to hold Zimmer harmless from the
damage the officers and directors caused by making them personally
responsible. You may also be able to assist in reforming the
Company's corporate governance to prevent future wrongdoing.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, you can. [click here to join this action] There
is no cost or obligation to you.
Acadia Healthcare Company, Inc.
Shareholder Rights Law Firm Johnson Fistel, LLP announces that a
class action lawsuit has commenced on behalf of persons or entities
who purchased or otherwise acquired securities of Acadia Healthcare
Company, Inc. (NASDAQ: ACHC) ("Acadia") between February 23, 2017 and October 24, 2017.
The complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements
regarding Acadia's business and operations, including by falsely
stating that the quality of Acadia's U.K. operations gave it a
"competitive strength" that would drive future growth and
profitability, and by issuing false and misleading guidance
regarding the Company's actual and projected 2017 revenue, earnings
before interest, taxes, depreciation and amortization ("EBITDA")
and earnings per share ("EPS"). As a result of defendants' false
statements, Acadia stock traded at artificially inflated prices of
more than $52 per share during the
Class Period. While Acadia stock was trading at these artificially
inflated prices, the Company's CEO and President sold 706,000
shares of their Acadia stock for proceeds of more than $35 million.
Then on October 24, 2017, Acadia
announced its financial results for the third quarter of 2017. The
Company revealed a drastic shortfall in EBITDA for its U.K.
operations, purportedly resulting from "lower census and higher
operating costs," and lowered its financial guidance for 2017,
including lowering its EPS guidance as much as $0.24 per share. Following these revelations, the
price of Acadia stock price fell 26%, from a close of $44.12 per share on October 24, 2017, to a close of $32.68 per share on October 25, 2017.
Shareholders have until December 3,
2018, to petition the court for lead plaintiff status. Your
capability and right to share in any recovery doesn't entail that
you serve as a lead plaintiff. There is no cost or obligation to
you.
If you are a long-term shareholder of Acadia
continuously holding shares before February 23, 2017, you may have standing to
hold Acadia harmless from the damage the officers and directors
caused by making them personally responsible. You may also be able
to assist in reforming the Company's corporate governance to
prevent future wrongdoing.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, you can [click here to join this action]. There
is no cost or obligation to you.
Floor & Decor Holdings, Inc.
Johnson Fistel, LLP, a
shareholder rights law firm, is investigating potential claims on
behalf of investors of Floor & Decor Holdings, Inc. (NYSE: FND)
("Floor & Décor"). Floor & Decor operates as a
multi-channel specialty retailer of hard surface flooring and
related accessories.
On May 23, 2018, the Company filed
a Registration Statement with the SEC for a secondary offering of
10 million shares of Floor & Decor common stock. Between
May 29, 2018 and June 18, 2018, insiders unloaded more than 10.3
million shares of Floor & Decor stock at prices as high as
$55.03 per share in connection with
the secondary offering.
Then on August 2, 2018, Floor
& Decor issued a press release announcing its financial results
for the second quarter of 2018. The Company reported
second-quarter revenue that was worse than expected and lowered
full-year guidance for revenue, comparable-store sales growth, and
adjusted earnings per share. Following this announcement shares of
Floor & Décor plummeted, falling 17% to close at $39.53 on August 2,
2018.
Specifically, Johnson Fistel's
investigation seeks to determine whether Floor & Decor filings
with the U.S. Securities and Exchange Commission related to the
May 2018 secondary offering contained
untrue statements of material facts or omitted to state other facts
necessary to make the statements made therein not misleading.
If you have information that could assist in this
investigation, including former employees and others, and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) by email
or by phone at 619-814-4471. If you email, please include your
phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP