An investor, who purchased shares of International Flavors & Fragrances Inc. (NYSE: IFF), filed a lawsuit over alleged violations of Federal Securities Laws by International Flavors & Fragrances Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of International Flavors & Fragrances Inc. (NYSE: IFF) have certain options and for certain investors are short and strict deadlines running. Deadline: October 11, 2019. NYSE: IFF investors should contact the Shareholders Foundation at [email protected]sfoundation.com or call +1(858) 779 – 1554.
The plaintiff claims that between May 7, 2018 and August 5, 2019, the Defendants failed to disclose to investors: (1) that Frutarom had bribed customers in Russia and Ukraine; (2) that senior management at Frutarom were aware of such improper payments; (3) that, as a result, Frutarom’s financial results were materially overstated; (4) that, as a result of the improper payments, the Company was reasonably likely to face regulatory scrutiny; (5) that the Company had not completed adequate due diligence before acquiring Frutarom; (6) that, as a result of the foregoing, the Company was unlikely to achieve purported synergies from the acquisition; and (7) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of International Flavors & Fragrances Inc. (NYSE: IFF) have certain options and should contact the Shareholders Foundation.
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