Bronstein, Gewirtz & Grossman, LLC Announces Investigation of International Flavors & Fragrances Inc. (IFF)

NEW YORK, Aug. 9, 2019 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of International Flavors & Fragrances Inc. ("IFF" or "the Company") (NYSE: IFF). Investors who purchased IFF stock are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/iff.       

The investigation concerns whether IFF and certain of its officers and/or directors have violated federal securities laws.

On August 5, 2019, IFF announced its financial results for the second quarter of 2019.  IFF significantly lowered its 2019 guidance, advising investors that it expects adjusted earnings per share ("EPS") of $4.85 to $5.05 on revenue of $5.15 billion to $5.25 billion, down from its previous guidance of adjusted EPS in the range of $4.90 to $5.10 and revenue of $5.2 billion to $5.3 billion.  In addition, IFF disclosed that it is investigating improper payments made by two businesses of its Israeli subsidiary Frutarom "operating principally in Russia and Ukraine . . . to representatives of a number of customers."  On this news, IFF's stock price fell $22.56 per share, or 15.95%, to close at $118.91 per share on August 6, 2019.

If you are aware of any facts relating to this investigation, or purchased IFF shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/iff.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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