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ASTE INVESTOR REMINDER: Rosen Law Firm Reminds Astec Industries, Inc. Investors of Important Deadline in Securities Class Action - ASTE
[February 08, 2019]

ASTE INVESTOR REMINDER: Rosen Law Firm Reminds Astec Industries, Inc. Investors of Important Deadline in Securities Class Action - ASTE


Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Astec Industries, Inc. (NASDAQ: ASTE) from July 26, 2016 through October 22, 2018, inclusive (the "Class Period") of the important April 2, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Astec investors under the federal securities laws.

To join the Astec class action, go to https://www.rosenlegal.com/cases-1498.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or zhalper@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Astec's wood pellet plants suffered from signifcant and costly problems that prevented the plants from running at their promised production capacity; (2) this posed a threat to Astec's pellet plant business, overall financial performance, and financial outlook; and (3) as a result, defendants' statements regarding Astec's outlook and expected financial performance were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.



A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 2, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-1498.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or zhalper@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.


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