Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Platform Specialty Products Corporation To Contact The Firm Before Lead Plaintiff Deadline
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Platform Specialty Products Corporation (“Platform” or the “Company”) (NYSE:PAH) of the sixty-day deadline from March 30, 2016 to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Southern District of Florida on behalf of all those who purchased Platform securities between February 17, 2015 and March 14, 2016 (the “Class Period”). The case, Dillard v. Platform Specialty Products Corporation et al, No. 9:16-cv-80490 was filed on March 30, 2016, and has been assigned to Judge Donald M. Middlebrooks.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failed to disclose that: (1) Arysta LifeScience Limited (“Arysta”) made improper third-party payments in West Africa; (2) that the payments were unlawful under the U.S. Foreign Corrupt Practices Act (“FCPA”); and (3) as a result, Platform’s public statements were materially false and misleading at all relevant times.
Specifically, the lawsuit alleges that on March 11, 2016, the Company disclosed in its 2015 annual report that it discovered that Arysta made improper third-party payments in West Africa that may have been illegal. On this news, share price fell $0.28 per share the following trading day to close at $8.57 per share, a ~3.16% drop, on March 14, 2016.
In addition, the lawsuit alleges that on March 14, 2016, the Wall Street Journal published a story entitled “Chemical Company Notifies U.S. of West Africa FCPA Probe” that addressed the aforementioned allegations. On this news, share price fell $0.62 per share the next day to close at $7.95 per share, a ~7.23% drop, on March 15, 2016.
If you invested in Platform stock or options between February 17, 2015 and March 14, 2016 and would like to discuss your legal rights, please fill out the form below or contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Platform’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.