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Acuity Brands, Inc. Securities Fraud Class Action

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COMPANY         Acuity Brands, Inc.
COURT United States District Court for the Northern District of Georgia
CASE NUMBER 18-cv-02140
JUDGE The Honorable Mark H. Cohen
CLASS PERIOD October 7, 2017 - April 3, 2017

Case Background:

On January 3, 2018, the initial complaint in this securities class action was filed against Acuity Brands, Inc. (“Acuity” or the “Company”), and certain of Acuity’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. On August 25, 2020, the Court certified the class as all persons who invested in the publicly traded common stock of Acuity between October 7, 2015 and April 3, 2017, (the “Class Period”) both dates inclusive, and were damaged thereby.

The complaint alleges that, throughout the Class Period, Defendants failed to disclose material adverse facts about the Company's financial well-being, business relationships, and prospects. Specifically, Defendants: (1) concealed known trends negatively impacting sales of the Company's products; and (2) overstated the Company's ability to achieve profitable sales growth. As a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about Acuity's current and future business and financial prospects.

Current Status of Case:

On October 5, 2018, Lead Plaintiffs filed an amended complaint (the “Amended Complaint”).  Defendants filed a Motion to Dismiss the Amended Complaint on October 30, 2018.  The Motion to Dismiss was granted in part and denied in part on August 12, 2019.  On August 25, 2020, the Court certified the Class.  On December 22, 2021, Lead Plaintiffs filed a Motion for Preliminary Approval of Settlement.  The Settlement was approved on June 7, 2022.  This action has concluded

The deadline to file a claim was May 18, 2022.  You may find additional information regarding the terms of the settlement and claim filing process at or by calling Strategic Claims Services, at 866–274-4004.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form and list your purchase and sale transaction(s) for Acuity Brands, Inc. (“Acuity”) (NYSE: AYI) securities between October 7, 2017 and April 3, 2017, inclusive (the “Class Period”):

You may also contact Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at, or you may click here to print a PDF of this form.

* Denotes required field
# of Shares
Price per Share
Principal Amount
Amount Paid
Series or CUSIP
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Acuity Brands, Inc. (2018) prior to the Class Period?
Are you a current or former employee of Acuity Brands, Inc. (2018)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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