An investigation for investors in Alliance One International, Inc. shares over potential securities laws violations by Alliance One International in connection certain financial statements was announced.
Investors who purchased shares of Alliance One International, Inc. (NYSE:AOI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Alliance One International, Inc. (NYSE:AOI) concerning whether a series of statements by Alliance One International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Alliance One International, Inc. reported that its Total Revenue declind from over $2.35 billion for the 12 months period that ended on March 31, 2014 to over $2.06 billion for the 12 months period that ended on March 31, 2015 and that its Net Loss for those respective time periods decreased from $86.66 million to $15.43 million.
On November 7, 2015, Alliance One International, Inc announced that it would not file its report on Form 10-Q for the quarter ended September 30, 2015 within the required time period.
Alliance One International, Inc said that the delay is related to discrepancies in accounts receivable and inventory at its Kenyan subsidiary, Alliance One Tobacco (Kenya) Limited, discovered in the course of downsizing and terminating certain operations as part of AOI’s previously announced restructuring and cost-saving initiative.
Shares of Alliance One International, Inc. (NYSE:AOI) declined on November 10, 2015 to as low as $14.61 per share.
On December 8, 2015, NYSE:AOI shares closed at $11.20 per share.
Those who purchased shares of Alliance One International, Inc. (NYSE:AOI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com