SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Acuity Brands, Inc. (AYI)

NEW YORK, Jan. 4, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Acuity Brands, Inc. ("Acuity" or the "Company") (NYSE: AYI). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ayi.

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

On October 5, 2016, Acuity announced financial and operating results for the Company's fourth quarter and fiscal year 2016 (ended August 31, 2016) that fell below expectations, citing "uncertainty and volatility" associated with the U.S. presidential election and the U.K.'s referendum vote to exit the European Union.  On this news, Acuity's share price fell $12.01, or 4.7%, to close at $242.99 on October 5, 2016.  On January 9, 2017, Acuity announced financial and operating results for the first quarter of the Company's fiscal year 2017 (ended November 30, 2016), advising investors of lower-than-expected sales, which the Company attributed to weaker customer demand "apparently due to . . . election jitters."  On this news, Acuity's share price fell $34.85, or 14.7%, to close at $202.51 on January 9, 2017.  On April 4, 2017, Acuity reported financial and operating results for the second quarter of the Company's fiscal year 2017, continuing to blame "the impact of continued softness in demand for certain short cycle, small lighting projects," but acknowledging for the first time that demand softness "could potentially linger into the second half of 2017."  On this news, Acuity's share price fell $30.13, or 14.8%, to close at $173.93 on April 4, 2017.

If you are aware of any facts relating to this investigation, or purchased shares of Acuity, you can assist this investigation by visiting the firm's site: www.bgandg.com/ayi. 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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