Company: Astec Industries, Inc.
Class Period: July 26, 2016 — October 22, 2018
A shareholder class action complaint has been filed against Astec Industries, Inc. (“Astec”) on behalf of investors who purchased shares of the Company’s stock between July 26, 2016 and October 22, 2018 (the “Class Period”).
The complaint alleges that the defendants made false and misleading statements and/or failed to disclose adverse information to investors during the Class Period regarding Astec’s business, operations and prospects, including that the Company’s wood pellet plants suffered from significant and costly problems. According to the complaint, following a series of partial disclosures, shares of Astec’s stock declined from a Class Period high value of approximately $70 per share, to close on October 23, 2018 at $35.51 per share.
Astec stockholders are encouraged to contact Kaskela Law LLC at (888) 715 – 1740, or by completing the information form on this page, to receive additional information about this action and their legal rights and options.